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ConocoPhillips
Saudi Aramco and ConocoPhillips Confirm Yanbu Export Refinery Project
June 7th, 2008
The Saudi Arabian Oil Company (Saudi Aramco) and ConocoPhillips (NYSE:COP) announced they have approved continued funding for the development of the Yanbu Export Refinery Project. The Saudi Aramco and ConocoPhillips project would construct a grassroots, 400,000 barrel-per-day, full-conversion refinery in the Yanbu Industrial City, in The Kingdom of Saudi Arabia. The refinery is being designed to process Arabian heavy crude which would be supplied by Saudi Aramco. The refinery would produce high-quality, ultra-low sulfur refined products that will meet current and future product specifications. Saudi Aramco and ConocoPhillips would each be responsible for marketing one...
Source: Law & Health Weekly (2008-06-07)
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