Saudis Expand Price War Downstream
Green Car Congress
JULY 28, 2015
Along with acquiring a controlling stake in Korea’s S-Oil, the desert kingdom is commissioning a new refinery in Jizan which would have a capacity of around 400,000 barrels per day when it begins operations in 2017. Is Saudi Arabia likely to win a potential price war against Asian producers of diesel? In fact, at $5.60
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