Saudi Aramco building 400,000 bpd refinery

Saudi Aramco has launched a project to build a new 400,000 barrel per day refinery that will cost $7 billion to $8 billion, the Middle East Economic Digest (MEED) reported.

The new plant is scheduled to come onstream in early 2012, MEED said without giving the source of the report. It will be built on the kingdom’s east coast at Ras Tanura, already the site of the Middle East’s largest refinery complex.

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