VOL. XXXVII

NO. 20

14-FEBRUARY-1994

Downstream Plans under Review, but Some Projects Remain in Budget

Meanwhile, MEES sources also indicate that Saudi planners have budgeted some$3.9bn for refinery expansion and other capital improvements at Saudi Aramco'sfour wholly-owned refineries at Ras Tanura, Yanbu', Riyadh, and Jiddah in thefive-year period 1994-1998. However, it is important to note from the outsetthat this amount is, as always, subject to bi-annual corporate review. Moreover,in view of...