Aramco walks away from RAPID project.

摘要

On Jan. 25, industry sources reportedly familiar with the matter said that the Saudi state oil company has given up on plans to partner with Malaysia's Petronas to build the massive RAPID refinery and petrochemical complex. "I believe the proposal was still in an initial discussion phase," said Sadad al-Husseini, an energy consultant and former executive at Saudi Aramco. "In any case, considering the scale of the investment, China's growing regional exports of refined products, Singapore's existing refining capacity and the competition this project would have created to Aramco's own JV refineries in Korea, China and Japan, its deferral was probably a very well-considered and prudent Aramco management decision at this time."