RIYADH, May 21: Saudi Aramco and French oil firm Total signed an agreement on Sunday to build a 400,000 barrel per day (bpd), export-oriented refinery in the kingdom at a cost of around $6 billion.
The full-conversion refinery in Jubail on the Gulf coast is designed to process Arabian heavy crude oil and is scheduled to start up in 2011, state oil firm Aramco said in a statement.—Reuters
