Aramco Strides Towards Global Downstream Transformation

State firm clinches deals for integrated refinery/petchems projects in Saudi Arabia, the US and India, as part of strategy to squeeze extra value from crude supply.

Saudi petroleum giant Aramco this week signed three agreements for integrating petrochemicals plants with refineries, as it seeks to evolve into a global integrated petroleum player. Two of the signings came during state visits to France and the US by Saudi energy supremo Crown Prince Muhammad bin Salman.

The agreements will help Aramco almost double its gross overseas refining capacity over the next seven years. Meanwhile, gross petrochemicals capacity will soar from 5.6mn t/y to at least 33mn t/y.

On 10 April Aramco and France’s Total signed a memorandum of understanding (MoU) for building a $5bn world-scale mixed feed steam cracker, alongside the companies’ 440,000 b/d Satorp joint venture refinery at Jubail on the Saudi Gulf coast (see table).


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