18/01/2012 - SAUDI ARABIA PLANS TO DOUBLE ITS REFINERY CAPACITY IN THE NEXT 10 YEAR

摘要

National oil company Saudi Aramco is targeting China as a leading oil consumer with potential to import more than the US, say oil analysts. The investment will see Saudi Aramco increase its refining output to 8m barrels per day over the next 10 years, chief executive Khalid al-Falih told reporters this weekend at a signing ceremony with Sinopec to build a new refinery in Saudi Arabia. Saudi Aramco's plan to focus on China for its refinery investments follows previous agreements to build refineries in the country. Saudi Aramco and Sinopec plan to build a refinery in Fujian province and PetroChina has its own joint deal with Saudi Aramco for a new refinery in China.