Jizan refinery receives bids

Two bids from four Saudi-owned firms have been received by Saudi Arabia to build, own and operate a new export-oriented refinery in Jizan, Reuters has reported, citing industry sources. Saudi industrial group Tasnee has teamed up with Saudi Nama Chemicals Group and Saudi Advanced Refineries and Petrochemicals Co. to form a consortium, two sources said. Corral Petroleum Holdings AB, Swedish-registered and owned by Saudi billionaire Mohammed al-Amoudi, also bid for the project.