Sinopec ponders Yanbu refinery investment

19 May 2010

China's Sinopec has not yet entered formal discussions with Saudi Aramco over investing in the giant Yanbu refinery in Saudi Arabia, due to concerns about the high investment cost, Reuters has reported. Aramco has approached firms that could replace Conocophillips as partners for the project after the US firm's decision last month to pull out.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications