Page added on April 14, 2009
The world’s largest oil exporter Saudi
Arabia has put on hold plans to expand capacity at its refinery
in Ras Tanura.
Late last year the kingdom put contracts for two new export
refineries under review as it looked to take advantage of the
global economic slowdown to cut costs.
They are the joint venture 400,000 bpd refinery with
France’s Total (TOTF.PA) and another joint venture of the same
size with ConocoPhillips (COP.N).
The kingdom still maintains ambitious plans to overhaul and
expand its refining operations at home and abroad.
Reuters
Leave a Reply