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FINANCIAL NEWS
Aramco’s oil refinery to launch later than scheduled
11 Jul 2013
(MENAFN) Launching Aramco’s oil plant in Jizan in Saudi won’t be as scheduled and would go beyond the second half of 2016 due to delay in working on associated infrastructure plus no contract to supply the plant with power has been awarded yet, Arabian business reported.
The USD6 billion complex is expected to produce 75,000 barrel of gasoline per day and 250,000 barrel per day of ultra-low-sulphur diesel as well as liquefied petroleum gas, sulphur, asphalt, benzene and para-xylene.
A source revealed: “The infrastructure is not ready… they will try to catch up with the plan but I think it will be delayed by more than six months,” one source familiar with the project’s progress said.
It’s worth mentioning that the oil refinery in Jizan is a part of other projects in progress target reviving the area near Yemen border.
More News
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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