The full-conversion Red Sea refinery has eased tight refining capacities and has created 6,200 direct and indirect jobs
Entrant: Yanbu Aramco Sinopec Refining Company
Project owner: Saudi Aramco and Sinopec joint venture
Consultants: KBR, UOP, ChevronLummis and ConocoPhillips
Project management: Saudi Aramco
Financiers: Saudi Aramco and Sinopec
Yanbu Aramco Sinopec Refining Company (Yasref) is a joint venture between state oil firm Saudi Aramco, which owns 62.5 per cent, and Sinopec, Chinas largest national oil firm, which holds 37.5 per cent.
Yasref operates a world-class full-conversion refinery on the banks of the Red Sea. The facility processes 400,000 barrels a day of crude into gasoline, high-quality diesel and liquefied petroleum gases, as well as by-products including sulphur and petroleum coke for export. The refining complex was designed to predominantly process Arabian heavy crude.
Located just south of the Suez Canal, Yasref is in a good location to supply both international and domestic markets. The refinery has generated 1,200 direct jobs and some 5,000 indirect jobs through industrial development.
Given this is a project that brings together two of the largest companies in the world Saudi Aramco and Sinopec the project was able to harness the best global technology in designing a single-train system.
Yasrefs delayed coker unit is one of just two in the region and by far the largest. An expansion scheme to allow the facility to produce a high-grade coke used by the aluminium industry is being evaluated. This would allow for the expansion of the regions manufacturing capability, including the production of automobiles and light-duty trucks.