Exxon Mobil (XOM -1%) and Saudi Arabia’s state-controlled oil company Aramco announce a major...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM -1%) and Saudi Arabia’s state-controlled oil company Aramco announce a major maintenance shutdown at the Yanbu refinery in March and April in order to bring a new clean-fuel project online. Yanbu, the world's largest single-train crude oil refinery, processes ~400K bbl/day of Saudi crude oil, half of which is consumed domestically.