Middle East Economic Survey

VOL. LIII

No 21

24-May-2010

SAUDI ARABIA

Saudi Aramco Talks To Prospective Yanbu' Refinery Partners

State-owned Saudi Aramco is in tentative discussions with a number of companies to take a stake in its 400,000 b/d export refinery at Yanbu' following the exit of ConocoPhillips last month, MEES understands. Chinas state-owned Sinopec is one of the companies, reflecting the Kingdoms growing strategic energy relationship with Beijing. We are monitoring the project, but...