Aramco delays Ras Tanura refinery expansion-sources
DUBAI, April 13 (Reuters) - State oil giant Saudi Aramco has delayed plans to expand capacity by 400,000 barrels per day at its Ras Tanura refinery, industry sources said on Monday.
"Aramco has sent out an official letter to potential bidders saying the project was deferred," one industry source told Reuters. A source from another company planning to bid for the project said it had also received notification of the delay.
An Aramco spokesman declined to comment.
Aramco gave no reason for the delay in the letter to potential bidders, nor a new timeline for the project, the sources said.
Top oil exporter Saudi Arabia has put several energy capacity expansion projects on hold as it looks to drive down costs. It wants contractors to revise prices to reflect the slump in the cost of raw materials since the global economic slowdown took hold.
The expansion project would take refining capacity at Ras Tanura to 950,000 bpd, making it the largest refinery complex in the Middle East. (Reporting by Dubai newsroom)
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