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Cost of Jubail refinery to hit $12bn
- Saudi Arabia: Tuesday, October 13 - 2009 at 10:45
Saudi Aramco and France's Total are expected to pay more than $12bn to build the Jubail oil refinery in Saudi Arabia, Reuters has reported. 'The EPC (engineering, procurement and construction) cost is $9.6bn and on top of that there are other costs... owners' costs, in our case, cost of financing, which is about 25% more, that works out to around $12bn plus," Daniel Lacombe, the Jubail Refinery's project director said.
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StaffTuesday, October 13 - 2009 at 10:45 UAE local time (GMT+4)
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