SAUDI, JAPANESE REFINING ADDITIONS EYED

A combine of Japanese and U.S. refiners has agreed to a joint venture with Saudi Aramco Oil Co. to build 450,000 b/d of processing capacity in Saudi Arabia and Japan. Saudi Arabia also is moving ahead with two other projects to upgrade four of its refineries. A feasibility study is to get under way on a 300,000 b/d export refinery at Jubail in Saudi Arabia's eastern province and addition of 150,00 b/d of capacity to Nippon Oil Co.'s 42,000 b/d Kudamatsu processing unit in Japan.

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