European and Korean firms bid for Aramco refinery expansion
Tuesday, 04 September 2012 10:17
European and Korean companies have bid for a project to double the capacity of an oil lubricants refinery in Yanbu controlled by Saudi Aramco
Luberef, 70 per cent-owned by Saudi Aramco and 30 per cent by Saudi Jadwa Industrial Investment, produces around 550,000 tpy of oil lubricants at its two refineries at Jeddah and Yanbu.
Yanbu refinery's current capacity of 280,000 tpy of oil lubricants is expected to double once the project is completed in 2015.