Saudi refinery projects delayed
Source: BI-ME and media reports , Author: BI-ME staff
Posted: Sun September 21, 2008 12:00 am

SAUDI ARABIA. Three refinery projects in Saudi Arabia have been delayed, according to the Middle East Economic Survey (MEES).

Saudi Aramco and Dow Chemical's joint expansion of the Ras Tanura complex faces delays because the project is believed to be too large for contractor KBR and needs to be divided with another company, MEES reported.

According to earlier statements by officilas, it had been expected that the expansion would be operational in the first quarter of 2012. The expected cost of the project is believed to be around US$8 billion.
 
Bids for investment in the Jazan facility have been delayed by nearly a year to March 2009 while an incentives package is prepared MEES said.

The start-up of a plant to be operated by Rabigh Refining & Petrochemicals will probably be pushed back to the first quarter of 2009, MEES said. Rabigh warned this may occur in a statement to the Saudi bourse on 7 September.

Saudi Arabia, the world's largest oil producer, is planning to raise refining capacity by 50% to provide fuel oil and gasoline for soaring local demand, and benefit from exporting high-value oil products.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
date:Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
date:Posted: November 25, 2014
INTERNATIONAL. Participants in the global oil market are eagerly awaiting the Opec meeting on November 27, which could potentially set the tone and the direction of oil prices.
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
dhgate