Iraq’s New Oil Minister Eyes 2019 Capacity Hike Despite Export Challenges
07 Dec, 2018
Refining & Petrochemicals
Aramco/Total Advance Integrated Petchems At Satorp Refinery
12 Oct 2018
Agreement to proceed with FEED for Gulf refining/petchems integration reflects the two firms’ global pursuit of increased value from petroleum assets
Saudi State firm Aramco and France’s Total this week signed a joint development agreement for front-end engineering and design of a $5bn world-scale mixed feed cracker and polyethylene unit in the Jubail 2 industrial zone on the Saudi Gulf coast. The plant will be integrated with the 440,000 b/d Satorp joint venture refinery (Aramco 62.5%, Total 37.5%).
Both firms see petrochemicals driving global demand for oil and gas in the medium term and are investing accordingly. This week alone Total and Algeria’s Sonatrach committed to a major project (MEES, 12 October), while the French firm last week announced a 1mn t/y US cracker and polyethylene joint venture with Austria’s Borealis and Canada’s Nova Chemicals. Total is also expanding capacity of its Daesan JV...
Aramco Downstream Assets At Jubail
