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Joint venture projects

Hydrocarbon Engineering,

Lubricants refinery venture
Saudi Aramco Lubricating Oil Refining Co. has launched an invitation to other domestic companies for expansion work at its Yanbu refinery. The initial bids will be for early FEED work at the facility which has the capacity to process 280 000 tpy of oil lubricants.

Total expansion work at Yanbu includes, a new lube hydrocracker, increasing capcity of the Vacuum distillation unit, upgrading the electrical systems and increasing storage capacity.

Costa Rican refinery expansion
CNPC is currently in talks with the Costa Rican company Recope over the proposed upgrade of the country’s only refinery. The US$ 1 billion project would almost triple the processing capacity of the facility and is hopefully going to be approved in early 2011.

The facility currently has a processing capacity of 20 000 bpd and the expansion work is expected to be completed in 2015. All work and investments will lead to a 50-50 ownership between the two companies. CNPC are keen to fund part of the venture as many Chinese companies begin looking for a secure source of oil supply from international sources.

Clean diesel venture
The Saudi Aramco and Royal Dutch Shell joint venture clean diesel refinery is expected to reach full production by the end of February 2010. The Sasref facility can process 305 000 bpd of crude and once the new unit is fully online will have the capacity to process 100 000 bpd of ultra low sulfur diesel.

The US$ 400 million upgrade will allow the companies to produce 20 ppm sulfur diesel depending on European demand.

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