Middle East Economic Survey
VOL. LII
No 26
6-Jul-2009
SAUDI ARABIA
Saudi Aramco And ConocoPhillips Relaunch Yanbu' Refinery Bidding
State-owned Saudi Aramco and its partner ConocoPhillips announced on 30 June the relaunch of the bidding process for their joint venture 400,000 b/d Yanbu' refinery project. The bidding process was halted late last year to exploit falling construction costs.
Market improvements have provided a good opportunity to reactivate the bidding process for the Yanbu' Export...
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