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Aramco, Conoco seal refinery deal
- Saudi Arabia: Wednesday, May 24 - 2006 at 15:29
Saudi Aramco and US oil firm ConocoPhillips have concluded a deal for a new 400,000 bpd refinery in Yanbu, according to Reuters. Aramco said the refinery would process Arabian heavy crude and produce high-quality, ultra-low sulfur products that meet US and European specifications. It is expected to cost around $6bn.
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James McInerney, News EditorWednesday, May 24 - 2006 at 15:29 UAE local time (GMT+4)
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