33= Yanbu Export Refinery
Project Overview
In 2006, Saudi Aramco
and the US’ ConocoPhillips agreed to conduct a detailed evaluation of the development of a 400,000-barrel-a-day refinery in Yanbu.
Following a change in corporate strategy, ConocoPhillips has since withdrawn from the scheme, leaving Aramco in sole charge. The state oil giant has held talks with other potential partners, but so far no final agreements have been made.
A series of engineering, procurement and construction (EPC) awards are expected to be made in the third quarter of 2010, as Aramco is keen to capitalise on low EPC costs.
Project Analysis
Redressing the oil refining balance in Saudi Arabia
The kingdom’s shortage of downstream product capacity is set to be redressed with $60bn earmarked for investment in the refinery projects
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China and the Middle East’s interdependency grows
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EPC market still buoyant in the Gulf
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Sinopec is good fit for Yanbu refinery
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ConocoPhillips’ withdrawal from the Gulf raises concerns for other oil and gas firms
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Saudi Aramco's downstream plans in disarray
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Opportunity knocks in the Gulf for South Korea
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Riyadh puts the markets to work
Company Announcements
MEED Events
Key Facts
Client: Saudi Aramco; Sinopec
Sector: Oil & Gas
Stage: Execution
Budget: $10bn
Completion date: Q1 2014
Location: Saudi Arabia
News
Aramco to go it alone on Yanbu refinery
State energy giant to award $7bn of construction contracts before end of July
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Firms line up for Jizan refinery design deal
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Aramco to go it alone on $10bn Yanbu refinery
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Saudi Aramco and ConocoPhillips start cost talks on Yanbu refinery
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Saudi Aramco brings forward bid deadline for Yanbu refinery
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Contractors line up for Yanbu solids handling package
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Saudi Aramco helps engineering partners list on bourse
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Contractors work on bids for final Yanbu refinery packages
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Aramco holds meeting with contractors over Yanbu refinery
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Aramco makes U-turn over Yanbu joint venture terms
MEED Projects
