Samref ..... making the largest investment in company's history.
Samref completes construction of refinery facility
RIYADH, December 14, 2014
Saudi Aramco Mobil Refinery Company (Samref) has completed the construction of major desulphurisation facilities in Saudi Arabia, including a new hydrotreater that cuts sulphur levels in gasoline and diesel.
A joint venture with energy giants Saudi Aramco and ExxonMobil, Samref said the project is the largest investment in the company's history.
It will help reduce the sulphur levels in gasoline and diesel by 98 per cent, to 10 parts per million, which makes the refinery an industry leader in emissions reduction.
The Samref partnership is celebrating 30 years of joint refining operations and demonstrates the long-term collaboration and progress towards meeting the energy needs of Saudi Arabia's growing economy.
Khalid Al Falih, the president and CEO of Saudi Aramco, said: "Our long-term partnership benefits from the technology and innovation from both companies. Our refinery will continue to be an industry leader throughout the Middle East and in the global market place well into the future."
"It is also testimony of Saudi Arabia's long-standing role as a reliable energy supplier to key geographic areas of the world," he stated.
Darren Woods, the senior vice president of Exxon Mobil Corporation, said the successful, recent start-up of the Clean Fuels Project illustrates the refinery's advancements and preparations to meet global energy demands.
Mohammad Al Naghash, the president and CEO of Samref, said, the company contributes to the global competitiveness of Saudi Arabia by providing world-class fuels, but also creating jobs and improving the surrounding environment.-Reuters