Saudi Aramco, ConocoPhillips and Yanbu refinery projectnote

Saudi Aramco and ConocoPhillips are reported to be planning to seek bids in mid-2009 for Yanbu refinery project and get all bids in by the end of the year. The following 380-word report focuses on the subject and tells what pushed both companies to reactivate the project while it was decided to halt the bidding process. It also tells whether there are contractors ready to bid. Besides, the report tells what plans the Saudis have for their oil refining industry.