Saudi Aramco, Total and construction costs of Jubail refinery projectnote

Total’s Chief economist Pierre Sigonney told a conference in Abu Dhabi early this week that Saudi Aramco Total Refinery and Petrochemical Company (SATORP), a joint venture company between Total and Saudi Aramco, is planning to cut the construction costs of Jubail refinery project to less than $10bn. The following 284-word report focuses on the subject and tells what the position is at Saudi Aramco. It also tells what impression Saudi Aramco has about Total’s role in the project.