The refinery said in a statement that the fire was caused by a strike carried out by two drones, describing it as a terrorist act. Ukrainian officials didn't claim responsibility for the strike.RELATED STORIES U.S. and Russian officials meet in Saudi Arabia Video 17:12, 18-F...
Samsung Engineering announced today that it has been awarded an $871-million lump-sum turnkey contract by Saudi Aramco Lubricating Oil Refining(Luberef) to expand Luberef's refinery based in Yanbuʿ, Saudi Arabia. The contract-signing ceremony took...This information is only available to...
The benefits of Saudi Arabia, UAE oil refinery projects in Balochistan Pakistan, at the moment, has five oil refineries which can merely satisfy half of its annual demands, and Pakistan spends more than $16 billion on importing 26 million tons of petroleum products. Oil refinery in Gwadar They...
After more than 40 years of fast growth, Yanbu industrial city has become the third largest oil refinery center in the world. It can produce more than 1.1 million barrels of oil every day, and its yearly industrial production capacity reaches 131 million tons. Yanbu has also set up the ...
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compared to forecasts ranging from 5% to 4.9%. However, China’s oil refinery activity declined for the first time in two decades, excluding the pandemic year of 2022. National Bureau of Statistics data also revealed that China’s crude oil reserves were -1.6% lo...
Saudi refinery runs rose by 207,000 bpd to 2.7 million bpd, driven by the return of major units from maintenance, and crude burn increased by 81,000 bpd to 553,000 bpd. The key factor behind the export reduction is the tepid demand from Asian markets. China’s economic indi...
During the same period, the Fujian refinery, a joint venture between Chinese state major Sinopec and Aramco, will be decreasing its crude oil intake. Last week, Aramco, the Saudi Arabian oil company, significantly raised the prices for its crude oil shipments scheduled for March. ...
Yanbu oil refinery Digital transformation and localization We are encouraging technology companies to localize their services and serve Saudi Arabia and the wider Middle East and North Africa (MENA) region from within the Kingdom. We aim to help establish the Kingdom as a hub to provide digital ...