Saudi Aramco and Total to create Jubail Refining and Petrochemical Co. in Q3-08

Saudi Aramco and Total SA have decided to create the Jubail Refining and Petrochemical Co. during Q3-2008 to develop a 400,000 bpd world-class refinery in Jubail, Saudi Arabia. The refinery is scheduled to start operations by end of 2012. It will convert Arabian Heavy crude to high-quality refined products, complying with the most stringent global product specifications. In addition, the project will produce 700,000 tpa of paraxylene, 140,000 tpa of benzene and 200,000 tpa of polymer-grade propylene.
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