Middle East refinery project takes leap forward


The Jubail export refinery project in the Middle East has just moved a step closer to fruition, after Saudi Aramco Total Refining and Petrochemical Company (Satorp) approved bids for the construction contracts.

Satorp, a joint venture of Saudi Aramco and France’s Total, had initially delayed the deadline for engineering, procurement and construction (EPC) bids on the 400,000-b/d refinery at Jubail, Saudi Arabia.

However, it recently approved the award of the packages in a board meeting held in Paris on 16-17th June and the refinery project now appears to have taken a leap forward.

This has also been helped by the fact that the joint venture company has cut the cost of building the Jubail refinery to $9.6bn – from an estimated $12bn.

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