Project Profile
Value: US$12,000 billion
Startup Year: 2016
Refinery: 400,000 bbl/day
Gasoline: 90,000 bbl/day
Area: 5.2 million square metres
Saudi Aramco constructed a 400,000bpd full-conversion refinery at Yanbu in 2016. Yanbu is an important Red Sea port in the Al Madinah province of Saudi Arabia.
Saudi Aramco built another refinery in Jubail in partnership with Total in June 2014. The Yanbu and Jubail refineries process crude oil from the Manifa offshore field, which has a capacity of 500,000bpd. The field became operational in June 2014.
The Yanbu Aramco Sinopec Refining Company (YASREF) is being built under a joint venture between Aramco and Sinopec at a cost of US$12 billion in a deal that builds on the kingdom’s growing relationship with its biggest crude oil customer.
YASREF possesses the location advantage to effectively and efficiently supply both international and domestic markets. The products include 90,000 bpd of gasoline, 263,000 bpd of ultra-low sulfur diesel, 6,200 metric tons per day (mtd) of petcoke, 1,200 (mtd) of sulfur, and 140,000 tons per year of benzene. YASREF will process Arabian Heavy crude oil into high-quality refined products that could include future production of Paraxylene and products to support downstream industries.
Operators:
Saudi Aramco: 62.5% interest
Sinopec Group: 37.5% interest
Contractors:
AICCO (Saudi Arabia): EPC contract and electro-mechanical and construction contract
SNC-Lavalin Fayez Engineering: General Engineering services
Chevron Lummus Global: Contracted for proprietary maximum-conversion Isocracking technology and two-stage recycle configuration design for hydrocracker. (October, 2016)
Subcontractors:
Honeywell (Saudi Arabia): Process control system (PCS) contract awarded by AICCO