Saudi Aramco and Total Confirm $10 Billion Refinery Construction Project in Jubail

BEIJING--June 16, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Arabia's national oil company, Saudi Aramco, and French energy company Total S.A. (NYSE:TOT) (Paris) have teamed up for a 400,000-barrel-per-day refinery project in Jubail, Saudi Arabia. The companies will invest $10 billion in the refinery, which will process heavy crude oil from Saudi Arabia into high-quality products.