Saudi Arabia to Double its Oil Refining Capacity-- [View All]

From the new World Media Watch up now at http://www.zianet.com/insightanalytical
Tomorrow at Buzzflash.com


3//The Daily Star, Lebanon Wednesday, February 15, 2006

http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=22196



SAUDI ARABIA TO DOUBLE ITS OIL REFINING CAPACITY

By Agence France Presse (AFP)

RIYADH: Saudi Arabia plans to double its oil refining capacity to six million barrels per day (bpd) within five years, Oil Minister Ali al-Nuaimi said Tuesday. The OPEC kingpin's "main goal is the stability of world oil markets. It is currently working on huge oil projects, including raising crude oil production capacity and doubling the capacity of oil refineries to six million bpd within the next five years," the state SPA news agency quoted him as saying.



Nuaimi made his remarks during a meeting with visiting Dutch Foreign Minister Bernard Bot.

Riyadh's objective is to "meet the world's increasing demand for oil," Nuaimi said.



(SNIP)

The Saudi and Dutch ministers discussed the importance of ensuring secure oil supplies and cooperation between their two countries in oil matters, including joint investments, SPA said.



(MORE)