Saudi Aramco Considering Petchem Production at Ras Tanura Refinery
Posted on: Sunday, 28 August 2005, 03:01 CDT
Saudi Aramco "is looking into the possibility of integrating petrochemicals production with the Ras Tanura refinery and Ju'aymah Industrial Area feedstocks," Isam Al-Bayat, the company's vice president of new business development, announced recently.
The Ras Tanura refinery consists of a 325,000 b/d hydrocracker and a 200,000 b/d condensate splitter.
"The proposed integration would include a large ethane/naphtha- based cracker, an aromatics recovery complex, and complementary downstream derivative units to produce new secondary petrochemicals," Al-Bayat said.
Total project cost is estimated at around $6 billion, he said.
The announcement came as Saudi Aramco announced plans to issue an initial public offering for shares in its planned export refinery at Yanbu.
Meanwhile, the company is planning to divest "non-core company functions," including refined products distribution, Al-Bayat said.
Copyright Hart Energy Publishing, LP Jul 2005
Source: World Refining
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