Article: SAUDI ARABIA: Joint venture construction plans for proposed $4,000,000,000 to $5,000,000,000 oil refinery reach an advanced stage, SAUDI ARAMCO [Saudi Arabia] & TOTAL SA [France] Order #: 049206.

PROJECT OVERVIEW:

The local SAUDI ARAMCO is currently planning to build 2 joint venture oil export refineries. In so doing, ARAMCO has now reportedly reached an advanced stage of negotiations with France-based TOTAL SA regarding the construction of one of the plants to be sited in Jubail, Saudi Arabia.

Construction plans under consideration call for building a complex with an installed production capacity of 400,000 barrels per day. If the project goes ahead as envisioned it is expected to require an investment ranging between $4,000,000,000 and $5,000,000,000 to complete.

SAUDI ARAMCO employs a total staff of about 54,000. The company is ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!