Total Expects Saudi Refinery OK Soon

French oil major Total said on Wednesday it expects a decision soon to proceed with a new 400,000 barrels per day (bpd) refinery in Saudi Arabia.

The world’s top oil exporter Saudi Arabia is planning four new plants to add as much as 1.6 million bpd to current domestic refining capacity of around 2.1 million bpd. But equipment and labour shortages have forced project costs up worldwide in the energy sector and raised industry concerns about the new Saudi plants.

Aawsat