Minister of Petroleum and Mineral Resources Delivers Statement

Riyadh, February 27, SPA--The Minister of Petroleum and Mineral
Resources Ali bin Ibrahim Al-Naimi said that within the framework of
the Keenness of the Custodian of the Two Holy Mosques King Abdullah
bin Abdulaziz Al Saud on a balanced economic development in all
regions of the Kingdom, the King directed the Ministry of Petroleum
and Mineral Resources to study the establishment of a crude oil
refinery in the region of Jazan during his inspection tour of
developmental projects in the region in the month of Shawwal, 1427H.

In a statement to Saudi Press Agency (SPA), Al-Naimi said that in
implementation of the royal order, the Ministry has formed a group of
specialists to study the project, noting that the study has found the
economic attractiveness of the project and the location of the
refinery has been set in Jazan Economic City to be as one of the
pillars of the city.
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