Saudi Aramco/Sinopec JV Yasref to start up Yanbu refinery in 2014

21 March 2012 11:09  [Source: ICIS news]

SINGAPORE (ICIS)--Yanbu Aramco Sinopec Refining Co (Yasref) is aiming to start up its new 400,000 bbl/day refinery at Yanbu in Saudi Arabia in September 2014, the company said on Wednesday.

Yasref, a joint venture between oil major Saudi Aramco and China’s state-owned refiner Sinopec, plans to finish construction works at the refinery in June 2014, with the first commercial shipment of refiner products expected in the fourth quarter of 2014, it said in a statement.

The refinery will use Arab Heavy crude as its feedstock and will produce “ultra-clean” transportation fuels for international and domestic markets, the company said.

After commissioning and start-up, the single-train refinery will produce 263,000 bbl/day of diesel, 90,000 bbl/day of gasoline, 140,000 tonnes/day of benzene, 1,200 tonnes/day of pelletised sulphur and 6,300 tonnes/day of petroleum coke, it said.

Within a few years of operation, Yasref is expected to deliver “significant annual revenues” and generate about 6,000 direct and indirect jobs in Saudi Arabia, the company said.

The refinery will use proprietary technology supplied by UOP, Chevron Lummis and ConocoPhillips, it said.

All of the refinery’s products will be marketed and sold through Yasref’s joint venture partners, the company added.

By: Nurluqman Suratman

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