Saudi Aramco - Jubail Export Refinery.
Project status Saudi Aramco is planning to construct a 400,000 bpd grassroots refinery in Jubail. Initial inquiries have bee sent to international companies for a partnership in the project. In early May 2008, Saudi Aramco and Total have signed 13 agreements with contractors for the refinery.
Project scope The plant will be a grassroots refinery. The refinery is set to produce clean fuels, which are increasingly in high demand due to tighter product specifications in key export markets. It will primarily target exports to Asia, Europe and the Mediterranean.
Project structure Saudi Aramco is the client. Total has been selected as a joint venture partner for the project. Saudi Aramco and Total have agreed to form a joint venture company, with Saudi Aramco and Total holding an ownership interest of 35 per cent each.
Schedules for this Project Q1-1998 - Feasibility Study Q1-2006 - Feed ITB June 2006 - PMC and Feed contract award October 2006 - Financial advisory contract award Early 2007 - EPC bid tendering March 2007 - EPC negotiations under way August 2007 - List of prequalified companies Q4 2007 - Invitations to bid Q2 2008 - EPC contract award 2012 - Project completion
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|Publication:||Oil & Gas News|
|Date:||Aug 23, 2009|
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