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Friday, September 23, 2011     GET REAL

$14 billion refinery will enable Saudis to export gasoline, jet fuel

ABU DHABI — Saudi Arabia envisions the launch of operations of a major refinery in 2013.


Saudi Aramco said the $14 billion refinery at Jubail would reach full operations by the end of 2013. Aramco said the facility, designed to process 440,000 barrels of crude oil per day, was nearly 70 percent complete.

"Overall engineering, procurement, and construction work at the refinery is 68 percent complete," Fawaz Nawab, chief executive officer of Aramco's refinery subsidiary, said.

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Nawab said Jubail would enable Saudi Arabia to become an exporter of gasoline and jet fuel. He said fuel sales would proceed through Aramco as well as France's Total.

Meanwhile, Oman has launched a major refinery project.

The Gulf Cooperation Council sultanate has awarded a contract to U.S. companies for refinery and petrochemicals. The awards included Foster Wheeler and Honeywell, assigned to help in the expansion of Oman's Sohar refinery.

"We are very pleased that Orpic has selected UOP/Foster Wheeler technology for this strategically important refinery project in the Middle East," Foster Wheeler chief executive officer Umberto della Sala said. "This latest award constitutes a strong vote of confidence in the added value we deliver in heavy oil processing and continues our successful record in licensing large SDA Units."

Under the contract, Foster Wheeler and Honeywell would submit an engineering design package for a solvent deasphalting unit. The unit was meant to increase refinery production of gasoline and jet fuel.

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