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Saudi Aramco to Award $10B Refinery Deals by June
by Dubai Bureau    Dow Jones Newswires
Monday, June 01, 2009

DUBAI (Dow Jones Newswires), Jun. 1, 2009

Saudi Arabian Oil Co. plans to award by the end of June $10 billion worth of contracts for the construction of the planned Jubail export refinery to be implemented jointly with Total S.A. (TOT), London-based business weekly MEED reported in its May 29 issue.

Saudi Aramco is negotiating with seven international firms that submitted the lowest bids for six separate project packages covering construction of the refinery, located at Jubail on the Persian Gulf coast, MEED reported without saying where it got the information.

South Korean, European and U.S. companies held talks with Aramco and joint venture partner Total on the 400,000 barrel-a-day refinery project between May 25-29, according to MEED.

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