Aramco, Total sign new Jubail refinery deal

Saudi Aramco and Total SA reaffirmed their resolve to complete the world-class Jubail refinery project, which is designed to supply 400,000 b/d, the Saudi Press Agency said.

By OGJ editors
HOUSTON, Jan. 30--Saudi Aramco and Total SA reaffirmed their resolve to complete the world-class Jubail refinery project, which is designed to supply 400,000 b/d, the Saudi Press Agency said.

"The two companies signed a new contract to implement the project," the official agency said, adding that the new refinery would begin operations at the end of 2012.

The refinery will process Arabian Heavy crude into high-quality refined products that the companies said will meet the most-stringent global product specifications.

It also will benefit from proximity to the Arabian Heavy crude supply system and from the facilities of the Jubail Industrial City such as the King Fahd Industrial Port, power and water grids, and residential areas.

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