07 February 2006 20:21 [Source: ICIS news]
HOUSTON (ICIS news)--Saudi Arabia is considering building petrochemical complexes at Ras Tanura and Yanbu, energy minister Ali al-Naimi said on Tuesday.
Al-Naimi told a Cambridge Energy Research Associates meeting the projects would be linked to a program to increase worldwide Saudi refining capacity refinery nearly 50% to 6m bbl/day over the next five years. He did not disclose the nature of the petrochemical plants.
“We are planning to build two new grassroots joint venture export refineries - one in Jubail on the Kingdom’s east coast and the other in Yanbu on the west coast. Each of these facilities will have a 400,000 bbl/day capacity. We will also be expanding our [325,000 bbl/day] Ras Tanura refinery and studying the possibility of transforming it into an integrated refining and petrochemical complex,” he said in prepared remarks.
Al-Naimi noted that Saudi Aramco has a similar expansion under way at its 400,000 bbl/day Rabigh refinery on the west coast, in partnership with Sumitomo Chemical in a $9bn (Euro7.5bn) program to build one of the world’s largest refining and petrochemical complexes. Upon completion in 2008, that refinery’s products will meet European and ?xml:namespace>
He said Saudi Aramco is upgrading its 170,000 bbl/day Yanbu refinery to increase its complexity and boost capacity by 100,000 bbl/day. “As is the case with other refineries, we are also looking at petrochemical integration plans for that site,” al-Naimi said.
He said in the
Al-Naimi said petrochemical facilities are being added to a refinery in
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