Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

SAUDI ARABIA

Saudi Aramco Pushes Ahead With Yanbuʹ Project After ConocoPhillips Pullout

Saudi Aramco has signed seven contracts with local and foreign companies for the detailed engineering, procurement and construction (EPC) stage of its 400,000 b/d Yanbuʹ export refinery project, the company said on 28 July. The refinery, which is estimated to cost $10bn and is being constructed at Jubail, will process Arab Heavy crude and produce 90,000 b/d...