Red Sea Refining Company Rsrc Refinery

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Summary Information

• Also known as the Red Sea Refining Company RSRC Refinery or YASREF

• Ownership: Yasref - Saudi Aramco / Sinopec
• Website: http://www.yasref.com/ / http://www.saudiaramco.com/
  • List of Saudi Aramco Refineries
  • List of Sinopec Refineries
• Location: Yanbu, Red Sea Coast, Saudi Arabia
• Capacity: 18.0 million tons/annum & 400,000 bbl/day
• Nelson Complexity:
• Project Stage: Engineering phase uderway
• Expected Completion: 2014
• Budget: $10 Billion

The Project

• Project Type: Greenfield Refinery
• Project Summary: The refinery is a large and complex one, designed to utlise the heaviest of Saudi Arabia's crude oil
• Main Contractors:
  • Tecnicas Reunidas: engineering, procurement and construction of the Coker package
    • Petro-Chem Zamil: Delayed Coker Furnaces
  • Saudi Services (Saudi Arabia) - High Voltage Electrical package
  • SK Engineering & Construction Company (South Korea) - Crude package
  • Dayim Punj Lloyd (Saudi Arabia) - Offsite Pipelines package
  • Daelim (South Korea) - Gasoline and Hydrocracker packages
  • Rajeh H Al-Marri (Saudi Arabia) - Onsite Pipeline Relocation package
  • ENPPI (Egypt) - Tank Farm package
  • Techint Italy will provide turnkey engineering, procurement and construction activities (EPC): the transportation and storage of petroleum coke

Refining Units

• Atmospheric Distillation
• Vacuum Distillation Unit
• Delayed Coking Unit - 114,463 bpd
• Mercaptan removal unit - 12,000 bpd
• Gasoline unit,
• Hydrocracker

Terminal Capacity

• Crude Oil:
• Refined Products:

Crude Supply

• Saudi Arabian Heavy Crude from the Manifa Oil Field

Products Produced

• The refinery will produce 90,000 bpd of gasoline, 263,000 bpd of ultra low sulfur diesel, 6,300 metric tons per day (mtd) of coke and 1,200 mtd of sulfur per day

History

• 2006 - Saudi Aramco and ConocoPhillips Announce Signing of Memorandum of Understanding for Yanbu Export Refinery Project
• 2010 - Conocophillips decides to leave the project
• 2010 - Red Sea Refining Holds First Board Meeting
• 2011 - Sinopec becomes a partner
• 2012 - China Petrochemical Corporation (Sinopec Group) and Saudi Aramco signed a joint venture agreement for the project

Other Information

• Initially the project was a partnership with Conocophillips

Relevant Links

1. Reuters, July 1, 2009: Refinery to be completed 2014
2. Técnicas Reunidas is awarded a major project for the Yanbu refinery in Saudi Arabia
3. EPC Contracts Awarded for Yanbu’ Export Refinery
4. Petro-Chem Zamil wins SR111m contract for Yanbu Export Refinery
5. EPC Contracts Awarded for Yanbu’ Export Refinery
6. MOU Signed for Red Sea Refining Partnership
7. ConocoPhillips Opts Out of Yanbu Refinery Investment
8. Saudi Aramco and ConocoPhillips Announce Signing of Memorandum of Understanding for Yanbu Export Refinery Project
9. Red Sea Refining Holds First Board Meeting
10. Sinopec, Saudi Aramco Sign YASREF Joint Venture Agreement
11. Techint Italy: Order in Saudi Arabia
12. Made a Contract to Build Yanbu Refinery Plants in Saudi Arabia
13. Signature of a contract in the refining sector in Saudi Arabia for $ 29,6 million
14. Snc-Lavalin Fayez Engineering Wins An Additional General Engineering Services Contract In Saudi Arabia

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