*Saudi Arabia will see 1.2 million barrels per day (mbpd) of new refining capacity come online by 2020, Riyadh-based Jadwa Investment said in its new report on crude oil refining. This includes the Satorp refinery, which is already up and running, and the Yasref refinery, which will start up in Q4 2014, it added. This major investment in downstream sector by the Kingdom coincides with a huge growth in modern refineries in countries such as India and China, which will mean that these new export-orientated Saudi refineries will compete in a very tight international market.
11-19-2014, 09:12 PM
Saudi Arabia sees 1.2 mbpd of new refining capacity by 2020
*Saudi Arabia will see 1.2 million barrels per day (mbpd) of new refining capacity come online by 2020, Riyadh-based Jadwa Investment said in its new report on crude oil refining. This includes the Satorp refinery, which is already up and running, and the Yasref refinery, which will start up in Q4 2014, it added. This major investment in downstream sector by the Kingdom coincides with a huge growth in modern refineries in countries such as India and China, which will mean that these new export-orientated Saudi refineries will compete in a very tight international market.
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