SAUDI ARABIA

Saudi Arabia Allocates 200,000 b/d of Crude Oil to Finance New Refinery and Product Storage Projects

 MEES understands that Saudi Arabia has allocated 200,000 b/d of crude oil to finance two major new projects in the Kingdom - one for the building by Swedish firms of strategic underground storage for refined petroleum products for the Saudi Defense Ministry and the other for the construction of a new refinery in the Qasim region of north-central Saudi Arabia.

These...