Saudi Arabian Oil Company (Saudi Aramco) is the worlds largest oil producing and exporting company and was established by Royal Decree in 1988 to assume the responsibilities of its predecessor, Aramco that has a history dating back more than 70 years.
Will Saudi Arabia build an oil refinery in South Africa?
New Delhi: Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid al-Falih said on Friday after talks with his South African counterpart.
How much crude oil will Saudi Arabia produce?
Saudi Aramco will likely supply up to 210,000 barrels per day (bpd) of crude oil to the refinery in their $10 billion megaproject. The complex includes a 300,000 barrels per day refinery and a petrochemical plant with annual production capacity of 1.65 million metric tons of ethylene and 2 million metric tons of paraxylene.
What is Saudi Aramco’s Abqaiq plant?
Saudi Aramco¡¯s Abqaiq Plants facility is the company¡¯s biggest oil processing and crude stabilisation facility. With a capacity of 7 million barrels per day, the facility is the primary oil processing site for Arabian extra light and Arabian light crude oils. The Abqaiq Plants facility handles crude pumped from the Ghawar field.