Source Pravda.Ru

Saudi Aramco joins ConocoPhillips to build refinery in Saudi Arabia

Saudi Aramco, the largest oil corporation in the world, will cooperate with ConocoPhillips Company, the international energy corporation, to build a refinery in Saudi Arabia.

The refinery will be constructed on the other side of the Arabian peninsula on the Red Sea. It will be a 400,000-barrel-a-day facility.

According to the preliminary forecasts the expenses will constitute over $10 billion. The Conoco-Aramco refinery is scheduled to start up in 2013.

Photo: thomko.squarespace.com

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
Comments
Jehova's Witnesses hunted down in Russia
Jehova's Witnesses hunted down in Russia
Jehova's Witnesses hunted down in Russia
Smartphones and social networks not allowed in the Russian Army
What Prime Minister Theresa May needs to understand
What Prime Minister Theresa May needs to understand
What Prime Minister Theresa May needs to understand
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Idlib Province Syria: Infested with US-Supported Terrorists
US wants Russia to return Crimea, forget Donbass
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
UK wants Sergei Skripal dead
Russia's S-400 missiles lost in storm during transportation to China
Russia's S-400 missiles lost in storm during transportation to China
Russia's S-400 missiles lost in storm during transportation to China
Russia's S-400 missiles lost in storm during transportation to China
Russia's S-400 missiles lost in storm during transportation to China