Aramco may postpone Jeddah refinery closure
 

Aramco may postpone Jeddah refinery closure
http://img.s-msn.com/tenant/amp/enti...6&q=60&o=f&l=fSaudi Aramco is considering postponing the closure of its Jeddah refinery until 2022, according to news agency, Reuters. The Saudi Arabian oil giant’s original plans involved shutting down the 90,000 barrels-per-day (bpd) facility due to its age and environmental impact. According to unnamed sources, the firm is **w likely to postpone the closure until as late as 2022, owing to increased domestic demand for oil products and construction delays at its upcoming Jizan refinery. Aramco’s Jeddah refinery, which commenced operations in 1967, serves much of the Kingdom’s Western Region. It produces liquefied petroleum gas (LPG), gasoline, diesel, asphalt, and jet fuel. It also exports naptha. One of Reuters’ sources **ted that due to the growth of Jeddah, Aramco’s refinery is **w situated in the middle of the city. They added that this was probably a contributing factor in the decision to close the facility. Aramco has stated that it plans to bring the Jizan refinery, which is located on the Red Sea coast, online by 2018. However, some industry sources have predicted a delay of at least two years, citing reasons such as technical building problems connected to establishing infrastructure in the sea. Reuters’ sources declined to be named as they were **t authorised to talk to the media. Aramco said on Sunday that it had ** information to release at this time. RELATED ARTICLES: Saudi-Aramco-ramps-up-spending-in-Asian-refineries , Saudi-Aramco-raises-200m-flare-stack-using-Terex , Saudi-Aramco-to-build-11-stadiums-across-KSA ,