Saudi delays Jizan contract
Dubai, January 29, 2009
Saudi Arabia aims to award the contract to build a new refinery with capacity of up to 400,000 barrels per day by the end of November, the oil ministry said.
The tender for Jizan has been delayed several times from initial plans to open bidding in the second quarter of 2007, according to a report in our sister newspaper Gulf Daily News.
In the latest delay, the ministry said it has put back the deadline to September 2 from March 7 after feedback from companies interested in bidding.
Jizan is far from Saudi oil reserves and is part of a wider plan to develop the impoverished southern region near the border with Yemen.