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GCC set for refining boost
- Saudi Arabia: Monday, October 08 - 2007 at 07:02
The crude oil refining capacity of the GCC is expected to increase by 45.5% to 6.3m barrels per day (bpd) by 2010 due to the opening of new refineries and a ramp up in the production capacity of existing plants, according to Gulf News citing an Emirates Industrial Bank report. In 2005, the combined output stood at 4.3m bpd. Four new facilities are planned in Saudi Arabia, Kuwait, Qatar and Oman.
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Jonathan Sheikh-Miller, Deputy EditorMonday, October 08 - 2007 at 07:02 UAE local time (GMT+4)
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