A significant upgrade at the Riyadh Refinery that was originally scheduled to take more than two years to complete was finished much earlier than anticipated. Thanks to the dedication and safe work of more than 2,000 field professionals, the Hydroprocessing Integrity Project was completed in July ¡ª much earlier than anticipated.
What is Saudi Aramco’s Abqaiq oil plant?
Saudi Aramco¡¯s Abqaiq facility is the world¡¯s biggest oil processing and crude stabilisation plant. Image courtesy of Saudi Arabian Oil Co. The Abqaiq oil processing facility, located approximately 60km south-west of Dhahran in Saudi Arabia¡¯s Eastern Province, is the world¡¯s biggest oil processing and crude stabilisation plant.
How much oil does Saudi Arabia produce a day?
Owned and operated by state-owned Saudi Aramco, the Abqaiq facility has a capacity to process up to seven million barrels of crude oil a day, which accounts for more than half of Saudi Arabia¡¯s crude production capacity and approximately seven percent of the global oil supply.
Did Iran attack Saudi Arabia’s Abqaiq oil plant?
But as shown by an attack that Iran launched in 2019 on Saudi Arabia¡¯s crucial oil processing plant at Abqaiq, which caused a brief price spike that quickly subsided, today¡¯s oil market is less beholden to one source of supply, Derentz said.