Gulf Oil Refinery: a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec). A world-class, full-conversion refinery that covers about 5.2 million square meters in the Yanbu Industrial City, and is considered to be a key anchor project for the future of Yanbu. Gulf Oil Refinery will use 400,000 barrels per day (bpd) of Arabian heavy crude oil to produce premium transportation fuels, as well as high-value refined products for both international and domestic markets. It is scheduled to be operational in Q3 2014.
Gulf Oil Refinery signifies the impressive downstream portfolio added to Saudi Aramco, yet building and cementing on the strategic partnership with Sinopec – Saudi Aramco’s largest crude oil partner and buyer – Both companies bring commercial and technical expertise to the joint venture to enhance trade of transportation fuels between a significant energy producer and its consumer. In addition, Gulf Oil Refinery represents a continuing step forward in We are regularly Selling: crude oil, jetfuel, m100, d2, ago, oil refinery, petroleum shipping, oil and gas storage services, oil export and import. We are regularly Buying: crude oil, refinery equipment, bitumen.
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