State-oil giant Saudi Arabian Oil Co., or Saudi Aramco, Monday said it shut its 124,000 barrels per day refinery in Riyadh for a month for planned maintenance.
State-oil giant Saudi Arabian Oil Co., or Saudi Aramco, Monday said it
shut its 124,000 barrels per day refinery in
Riyadh
for a
month for planned maintenance.
During the maintenance period there won't be a shortage of refined products for
clients and Aramco will compensate the market by boosting the capacity of other
refineries in the kingdom, it said.
A source familiar with the matter told Dow Jones Newswires in December that the
plant will be shutdown for modification to produce low-sulfur gasoline.
The
Riyadh
refinery, located in the central region of the world's top oil exporter, is
supplied with crude oil from the East-West pipeline that runs from the east of
the country to the
Red Sea
coast. It includes a 30,000
barrels-per-day hydrocracker and a 30,000 barrels-per-day catalytic reformer
for upgrading naphtha to gasoline blending products.
Top oil exporter
Saudi Arabia
is
expanding its refining capacity to produce more gasoline and diesel to meet
rising domestic demand.
Saudi Aramco owns and operates four refineries serving the local market, with a
combined refining capacity of 1 million barrels per day. The company also owns
a 50% interest in Saudi Aramco Mobil Refinery Co. and in Saudi Aramco Total
Refinery and Petrochemicals Co., a joint venture with
France
's
Total (TOT) that will produce cleaner fuels.
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