Saudi Refining Output Down In 2013, Major Integration Under Way

Saudi refineries throughput fell by 4.5% in 2013, with only the largest – Saudi Aramco’s 550,000 b/d Ras Tanura plant – increasing production (see table, p10).

Some of the decrease can be attributed to changing market conditions. Aramco’s 2013 Annual Review says domestic refined products sales rose to 620.438mn barrels (1.70mn b/d) last year from 588.4mn barrels (1.61mn b/d) in 2012. However, refined products exports declined to 121mn barrels (332,000 b/d) in 2013 from 126mn barrels (344,000 b/d) in 2012.

Another reason was the work in progress at the refineries, both to increase output of cleaner products, and prepare for the construction and integration of major downstream complexes as part of the company’s downstream strategy. “While in our past we focused primarily on crude oil and gas, now we are rapidly progressing toward becoming the world’s leading integrated energy and chemicals company,” says the review. (CONTINUED - 327 WORDS)