A rapid rise in Middle East refining capacity will create a large glut of diesel as global demand growth for the road fuel weakens, the International Energy Agency said.
In its monthly report, the IEA forecast
Satorp, Total's joint venture refinery in Jubail, Saudi Arabia, reached its full operating capacity of 400,000 barrels per day (bpd) in August, just one of a series of big, complex refineries ramping up over the next year.
Saudi Aramco Total Refining and Petrochemical Company (Satorp), a joint venture by France's Total and Saudi Aramco, began a gradual startup of its operations and is expected to reach full capacity by the end of this year, industry sources sa
Jubail-based Advanced Petrochemical Company (APC) has signed an agreement with Saudi Aramco Total Refining and Petrochemicals (Satorp) to increase the supply of propylene by 30,000 tonnes per year recently, said a report.
KBR and AYTB have signed a seven-year contract to provide refinery maintenance services for the Saudi Aramco Total Refining and Petrochemical Company’s (Satorp) at a new 400,000 bpd refinery in Jubail.
Saudi Aramco said its oil refinery joint venture with France's Total will double capital investment to SR7.12 billion ($1.9 billion) at Jubail, the largest industrial city in the region.
Saudi Aramco Total Refinery and Petroch
Saudi Aramco and France's Total have started testing their new refinery at Jubail, three sources with knowledge of the project said, raising the prospect of full operation of the $14 billion facility ahead of a scheduled st
Saudi Aramco Total Refinery and Petrochemicals Company (Satorp) expects its new refinery at Jubail in Saudi Arabia to be fully operational in December 2013, the joint venture's chief executive said on Tuesday.
State-run Saudi Aramco and Fr
State-run Saudi Aramco and France's Total have signed a $1.3 billion loan agreement with Saudi Public Investment Fund (PIF) in the latest stage of financing for their joint oil refinery, state news agency SPA reported.
The 400,000 barrels