SOURCE: Industrial Info Resources

July 01, 2008 07:30 ET

Cost for PetroSA's Planned Mthombo Refinery Nearly Doubles to $11 Billion After Decision to Increase Capacity, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - July 1, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Petroleum Oil and Gas Corporation of South Africa (PetroSA) (Parow) has decided to build a 400,000- to 450,000-barrel-per-day (BBL/d) refinery in Coega, South Africa, worth about $11 billion instead of the $5.8 billion, 200,000-BBL/d plant originally planned in 2007. After a feasibility study was completed in May by KBR Incorporated (NYSE:KBR) (Houston, Texas), PetroSA decided to process additional crude oil from Nigeria or the Middle East to meet local demand for refined products.

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