SOURCE: Industrial Info Resources

June 16, 2008 06:30 ET

Saudi Aramco and Total Confirm $10 Billion Refinery Construction Project in Jubail, an Industrial Info News Alert

BEIJING--(Marketwire - June 16, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Saudi Arabia's national oil company, Saudi Aramco, and the French energy company Total S.A. (NYSE:TOT) (Paris) have confirmed their investment in a 400,000-barrel-per-day refinery in Jubail, Saudi Arabia. The $10 billion refinery will process heavy crude oil from Saudi Arabia into high-quality oil products that meet stricter environmental standards. The refinery is scheduled to be completed by the end of 2012.

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