Saudi Arabia is ready to invest in US oil refineries

[RoyGBiv]

Saudi Arabia is willing to invest in the establishment of two new oil refineries in the United States, according to Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi. The announcement was made at a recent US-Saudi energy conference.

"On this occasion, let me state emphatically, that Saudi Arabia is willing and ready to invest in two new refineries and their associated marketing facilities in the US to help alleviate some of the bottlenecks in product availability," Al-Naimi said at the conference entitled US-Saudi Relations and Global Energy Security, sponsored by the US-Saudi Arabian Business Council and the Center for Strategic and International Studies (CSIS).

http://www.albawaba.com/news/printArticle.php3?sid=275851〈=e

[strategery blunder]

1. Your link is too old

Apparently, the story was archived.