Industry / Saudi Arabia
Conoco Joins the Saudi Refining Rush
May 2006 | Company News AlertSaudi Arabia's state-owned Aramco and the third-biggest US oil firm ConocoPhillips are today expected to sign a deal for a second new refinery in the Kingdom, in the wake of French major Total's similar arrangement earlier in the week. The Conoco venture is aimed at building a plant with 400,000 barrels per day (b/d) capacity at Yanbu on the Red Sea coast. It will create petroleum products for export to the US, European and Asian
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