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FINANCIAL NEWS
Aramco’s oil refinery to launch later than scheduled
11 Jul 2013
(MENAFN) Launching Aramco’s oil plant in Jizan in Saudi won’t be as scheduled and would go beyond the second half of 2016 due to delay in working on associated infrastructure plus no contract to supply the plant with power has been awarded yet, Arabian business reported.
The USD6 billion complex is expected to produce 75,000 barrel of gasoline per day and 250,000 barrel per day of ultra-low-sulphur diesel as well as liquefied petroleum gas, sulphur, asphalt, benzene and para-xylene.
A source revealed: “The infrastructure is not ready… they will try to catch up with the plan but I think it will be delayed by more than six months,” one source familiar with the project’s progress said.
It’s worth mentioning that the oil refinery in Jizan is a part of other projects in progress target reviving the area near Yemen border.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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