This presentation will provide an overview of current Saudi Aramco activities in downstream development. The increased growth in refined and petrochemical products has led Saudi Aramco to consider various initiatives to develop the downstream business. In the domestic arena, Rabigh Refinery Development, a major 400,000 barrels per day refining and petrochemical complex currently in the construction phase. Other refining and petrochemical initiatives currently in the early planning and engineering stage include two 400,000 barrels per day export oriented refineries and a petrochemical complex integrated with the 550,000 barrels per day Ras Tanura refinery. In addition, Saudi Aramco is actively pursuing technical, research, and commercial development in oil desulphurization, product quality, and process unit improvements.
Saudi Aramco has embarked on strategic imperatives, which emphasize its corporate role both as a commercial and national entity, to increase revenues and develop the local economy. Increased growth in refined and petrochemical products has led Saudi Aramco to consider various initiatives to develop the downstream business. As a result, several revenue generating growth programs in downstream, including integrating existing refineries with petrochemicals and new refineries, are being pursued with international partners. The Rabigh Refinery petrochemical integration is underway and in the construction phase, two new export-oriented full conversion refineries are in the front end engineering phase, and two domestic refineries are being considered for petrochemical integration and are in various stages of development.
In addition, Saudi Aramco is pursuing imperative-related research and development programs to enhance the use and value of hydrocarbon resources. These programs include crude oil desulphurization, petroleum fuel combustion, clean petroleum fuels, sulfur utilization, refinery process unit enhancement, catalyst development, and carbon dioxide management. These activities will transform Saudi Aramco into a world class and integrated company making it the home of a highly talented and motivated workforce.
Location:
Petroleum CLub, 43 floor, EXXON Bldg
800 Bell Street
Houston
,
Texas 77002
Date: May 10, 2007, 11:30 a.m. - May 10, 2007, 1 p.m.