Middle East Economic Survey
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...