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(Arabian Oil and Gas) -- Saudi
Aramco is expected to increase its domestic and global refining capacity by 50%
to more than 6 million barrels per day, according to Khalid Al-Falih, CEO of
Saudi Aramco. Speaking at the Korean Chamber of Commerce in Seoul, Al-Falih said
that this growth will be achieved through two new refineries under construction
in Saudi Arabia.
He said that four grassroots refineries were under consideration with one
being in Jaizan on the southwest coast of the Kingdom and three other joint
venture refining projects in China, Vietnam and Indonesia respectively.
He also said that in five years, Saudi Aramco’s natural gas capacity will
exceed 15 billion standard cubic feet per day, adding that his company is
spending a total capital budget of USD 125 billion on local and international
projects.
mrcplast.com
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