Aramco, Total say to invest $9.6 bln for Jubail refinery

Saudi Aramco and French oil major Total have agreed to invest $9.6 billion to build the 400,000 barrels per day Jubail refinery in Saudi Arabia, a source familiar with the situation said on Thursday.

“The SATORP board met in Paris on June 16 and decided to attribute the 13 remaining packages to build the Jubail refinery at a cost of $9.6 billion,” the source said.

SATORP is a joint venture between Saudi Aramco and Total.
Reuters