Aramco says Total and Conoco plans progressing well

LONDON, Feb 18 (Reuters) - State oil company Saudi Aramco said on Monday its plans to build refineries with U.S. oil refiner ConocoPhillips (COP.N) and French oil and gas firm Total (TOTF.PA) were "progressing well".

Saudi Aramco executive Khalid al-Buainain told a conference in London that refineries in Jubail and Yanbu would have 400,000 barrels per day capacity.

Higher labour and raw material costs have caused delays and cancellations across the world's oil and gas industry.

(Reporting by Tom Bergin)