Lack of Funds Delays Shell-Petromin Lube Project
According to reports, the construction of a joint venture 2.35mn b/y basestock lube oil plant to be attached to the 250,000 b/d Petromin-Shell refinery at Jubail is to be temporarily delayed because of a lack of funds. The reports indicate that the Governor of Petromin, Dr. Abdulhady Taher, has told Shell and other joint-venture companies operating in Saudi Arabia that because of current cash flow problems, low-cost money from...
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