Watch Live
Satorp Refinery to Get First Oil in December, Eqtisadiah Says
By Wael Mahdi -
2012-07-19T06:54:10Z
Saudi Aramco Total Refining & Petrochemical Co., known as Satorp, will receive its first crude oil shipment in December, Eqtisadiah reported, citing a person at the Saudi Arabian Oil Co. it didn’t name.
The refinery, which Saudi Aramco is building jointly with Total SA (FP) in the Saudi city of Jubail, is scheduled to be fully operational in the third quarter of 2013, the newspaper said, citing the unidentified person.
When completed, the refinery will process 400,000 barrels a day of crude and it will cost $14 billion, the Saudi newspaper reported.
To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
Sponsored Link

Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.