RIYADH/DHAHRAN: Saudi Aramco and France’s Total said yesterday that they would invest SR36 billion to build the Jubail oil refinery. “The refinery is now expected to be fully operational by the second half of 2013,” said Khalid Al-Falih, chief executive of Saudi Aramco, in a statement. “Today we are marking a major milestone in our partnership with Total, which has been strong historically but is now stronger than ever.” The two companies have set up the joint venture Saudi Aramco Total Refining and Petrochemical Company” (SATORP) to build and operate the refinery.
