2009 "through a succession of capacity increments." "We are also actively pursuing plans to build three in-kingdom refineries in partnerships with the international oil industry, with a total capacity of 1 million b/d. Our overall downstream investment drive will double domestic and international refining capacity by 2012," the minister added. High oil prices, meanwhile, also posed a challenge for producers "whose economies are highly dependent on the finite source," the minister told the university students. For such producers, the prices underlined "the consequences...of over-dependence of their economies on oil and the necessity for achieving sustaining economic growth," he said. --more
