Saudi Aramco and France's Total (TOT) say they will double the capital behind its oil refinery...

|By:, SA News Editor

Saudi Aramco and France's Total (TOT) say they will double the capital behind its oil refinery joint venture at Jubail to 7.12B riyals ($1.9B) as part of the planned financing for the project. Aramco holds a 62.5% stake, with TOT holding the remaining 37.5%; the capital increase will be on a pro-rata basis.