Sample Essay
Saudi Arabia has seven domestic refineries, with a combined crude production capacity of about 2.1 million bbl/d (of which Aramco’s share is approximately 1.5 million bbl/d). The Saudi Aramco development plan announces a $70-billion venture in the sector, increasing domestic refining capacity to 3 million bbl/d and international holdings by at least 1-2 million bbl/d by 2011, in order to meet the demand of the rapidly developing Asian market. Several of these new refineries will be incorporated with large petrochemicals complexes, in what has been defined as the making of petrochemical cities. (EIA)
Saudi Aramco’s 400,000 bbl/d joint venture export refinery with Total in Jubail is expected to be completely operational by 2013. It will run mainly Arab Heavy crude, and maximize production of diesel and jet fuel. Apart from that, startup for Saudi Aramco and ConocoPhillips 400,000 bbl/d Yanbu joint venture refinery project is planned to occur by the end of 2014. (EIA)
In the United States, Saudi Aramco and partner Royal Dutch/Shell own three Motiva joint-venture refineries in Louisiana and Texas. The three facilities currently have a total capacity of around 740,000, or approximately 5 percent of the U.S. refining market. Saudi Aramco owns 50 percent of Motiva though a subsidiary, Saudi Refining. Plans to more than double the capacity at the Port Arthur facility will make it the largest refinery in the United States. (EIA)
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