Saudi Aramco joins ConocoPhillips to build refinery in Saudi Arabia

16.05.2008 15:39

Saudi Aramco, the largest oil corporation in the world, will cooperate with ConocoPhillips Company, the international energy corporation, to build a refinery in Saudi Arabia.

The refinery will be constructed on the other side of the Arabian peninsula on the Red Sea. It will be a 400,000-barrel-a-day facility.

According to the preliminary forecasts the expenses will constitute over $10 billion. The Conoco-Aramco refinery is scheduled to start up in 2013.

Photo: thomko.squarespace.com

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