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. Moreover, Indian refiners are now moving away from Saudi Arabia which was previously India’s largest crude oil supplier.
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