Conoco Postpones Yanbu FID

摘要

ConocoPhillips remains committed to the Yanbu refinery in Saudi Arabia, but the US company says it will hold off making a final investment decision (FID) until 2010."Our plan is to rebid this later this year with our partners and our FID is early 2010," Willie Chiang, Conoco's senior vice president for refining, marketing and transportation, told an analysts meeting in New York Wednesday. He did not give a revised date for the refinery's start up.