State oil firm Saudi Aramco has short-listed at least two firms -- Total and Chevron Corp  -- for an equity stake in a proposed export refinery at Jubai, a report said.

The Middle East Economic Digest (MEED)  said eight international oil companies responded to Aramco's initial inquiry in September for partnership in the proposed 400,000 barrel per day (bpd) refinery on the Gulf coast at Jubail, which it estimated will cost $5 billion.
The Jubail refinery is one of two joint venture export refineries which Saudi Aramco wants to build. Last year it announced plans for a plant at Yanbu , also with a capacity of 400,000 bpd.