related infrastructure, such as pipelines and terminals, including managing the safe movement of oil through strategic shipping channels and sea-lanes. "Until now, refineries have been built primarily in consuming nations, but I believe we will see a portion of this new refining capacity being located in producing countries," he said in a press statement published today. Jum'ah said other key factors included the refineries' proximity to oil reserves and oil producers' desire to reap the added value of refined products. Saudi Arabia currently has eight refineries, with a combined crude throughput of about 2 million barrels per day. No new refineries have been built in the United States in nearly three decades. The growth of producers' refining capacity could also attract partners, he said. --MORE 1034 Local Time 0734 GMT
