Middle East Economic Survey
VOL. LII
No 25
22-Jun-2009
SAUDI ARABIA
Saudi Aramco And Total Hit Cost Targets, Award 400,000 b/d Jubail Refinery
State-owned Saudi Aramco and Total announced on 18 June they had awarded the construction contracts for their new 400,000 b/d export refinery project in Jubail, achieving significant cost reductions in the process. Saudi Aramco Total Refining and Petrochemical Company (Satorp) decided late in 2008 to postpone the submittal of the EPC bids in order to...
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