Saudi Aramco has delayed the start up of the project.
Saudi Aramco has revealed the start up of its Jubail oil refinery has been delayed to late 2013, later than the previous target of March 2013.
Speaking to Reuters at an industry conference, Dawood Al Dawood, vice president of marketing and supply at Saudi Aramco, said: “On Saudi Aramco's joint venture with Total, it is scheduled to open late 2013."
Total has a 37.5% stake in the 400,000 barrels per day plant, while Saudi Aramco has a 62.5% stake.
It was revealed by Reuters in October that the plant would come online in March 2013 and would cost more than $12 billion to build.
An executive from an international engineering and construction company, which is involved in the building of the plant, told the news wire this week that the project would be completed by the end of 2013.
The executive said: "Engineering work started from July 2009 and we can start construction from March till 2013; construction would be completed before the end of 2013."
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