Saudi Arabia: ConocoPhillips, Sinochem and Yanbu refinery projectnote

Willie Chiang, Head of Refining at ConocoPhillips, stated a few days ago that his company would decide early next year on whether to proceed with the Yanbu refinery project or not. ConocoPhillips had agreed with Saudi Aramco in November to halt bidding on the construction of the refinery for different reasons. The following 245-word report focuses on the subject and tells what the position is now at Saudi Aramco. It also tells whether Saudi Aramco has other alternatives to go ahead with the project or not.