Saudis building big export refinery

Nov. 25, 2005 at 5:09 PM

YANBU, Saudi Arabia, Nov. 25 (UPI) -- Saudi Arabia's state-owned oil company will invest $4.8 billion to build a huge refinery in the western part of the kingdom, AME said Friday.

Aramco will build the refinery with a capacity of 400,000 barrels per day of high-grade petroleum products, much or all of which will be exported through the Red Sea.

The facility is expected to operational by the end of 2007.

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