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Saudi Aramco to Build Refinery With Conoco
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The Saudi oil company is building a 400,000 barrel a day refinery at Jubail in the Persian Gulf in a collaboration with Total S.A. at a cost of $10 billion. Its also building a refinery in collaboration with Conoco on the Red Sea side of the Arabian peninsula which will be in production in 2013. This is part of the Saudi effort to buil 4 large refineries in Saudi Arabia.
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