Jubail Refinery Project

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Summary Information

  • Ownership: Saudi Aramco / Total
  • Website: http://www.satorp.com/
  • Location: Jubail
  • Capacity: 20.0 million tons/annum & 400,000 bbl/day
  • Nelson Complexity:
  • Project Stage: Contracts Signed
  • Expected Completion: 2014
  • Budget: US $9.6 billion

The Project

  • Project Type: New Greenfield Refinery
  • Project Summary: The project is a full conversion refinery, designed to process heavy local crude and produce high value white product. The refinery will be arranged in two identical trains.
  • Main Contractors:
    • Technip - front-end engineering design (FEED),
      • develop capital and operating cost estimates,
      • prepare the engineering, procurement and construction (EPC) bid packages,
      • provide management services during the execution of the project's detailed engineering, procurement and construction phases.
    • Technicas Reunidas
      • EPC activities for the Crude/Vacuum, Naphtha Hydrotreating, High Pressure Hydrodesulphurizers, Low Pressure Hydrodesulphurizers and Hydrogen Generation.
    • Daelim
      • Daelim was awarded $820 million package 2B, for the plant to collect sulfur and acid gas.
    • DYWIDAG
      • Coker Unit comprehends the construction of a Coke Pit with two Coke Basins, Coke Drum Structure, Coke Heater and fractionator’s foundations as well as pipe racks and road works. The main quantities are: Concrete 35,000 m3, Reinforcement 4,300 tons, Excavation 50,000 m3 and Backfilling 90,000 m3.

Refining Units

Terminal Capacity

  • Crude Oil:
  • Refined Products:

Crude Supply

Products Produced

  • The full-conversion refinery will maximize production of diesel and jet fuels
  • It will also produce 700,000 tons per year (t/y) of paraxylene, 140,000 t/y of benzene and 200,000 t/y of polymer-grade propylene.

History

  • 2006 - Saudi Aramco and Total sign Memorandum of Understanding for proposed Jubail export refinery
  • 2006 - Technip was awarded a program management services (PMS) contract

Other Information

  • Finances totalling US$8.5 billion were secured from multiple sources including US$4.01 billion from the Public Investment Fund and Export Credit Agencies (covered and direct), and US$4.49 billion from commercial financial institutions.
  • The senior loan facilities have a tenor of 16 years with an all in pricing of 1.85% (above LIBOR) for the US Dollar commercial and Export Credit Agencies (ECA) covered loan facilities.
  • Sartorp is also raising money through a Sukuk facility

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