Sector News

Saudi Aramco may shut Jeddah refinery in several years -sources

June 22, 2015
(Reuters) – State oil giant Saudi Aramco is considering whether to close its 90,000 barrel per day crude oil refinery in Jeddah after several years because of age and environmental concerns, industry sources said.
The refinery, which started operating in 1967, serves much of the country’s western region and its closure would increase demand at other Saudi facilities. It produces liquefied petroleum gas, gasoline, diesel, asphalt and jet fuel, and exports naphtha.
Aramco was originally considering whether to close it in 2018 but now looks likely to postpone the closure to as late as 2022 because of growing domestic demand for oil products and since construction of a new refinery at Jizan, also on the Red Sea coast, has been delayed, said one source.
Another said Jeddah’s growth had left the refinery in the middle of the city, which created environmental issues that contributed to a likely decision to close it.
The sources declined to be named because they were not authorised to talk to media. In response to questions by Reuters, Aramco said on Sunday that it had no information to release at this time. (Reporting by Reem Shamseddine; Editing by Andrew Torchia)

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Consumer Packaged Goods

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach