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Aramco facility, Khurais to join prestigious WEF Global Lighthouse Network

September 18/2020

MOSCOW (MRC) -- The World Economic Forum (WEF) has recognized Aramcos Khurais oil facility as a leader in the adoption and integration of cutting-edge technologies of the Fourth Industrial Revolution (4IR), according to Hydrocarbonprocessing.

Khurais is the companys second facility, after Uthmaniyah Gas Plant, to be included in WEFs prestigious Global Lighthouse Network.

Amin Nasser, president and chief executive officer of Aramco, said: We are delighted to be recognized once again by WEF for our deployment of cutting-edge technologies. Aramco continues to push the envelope of technological innovation in the energy sector and, through the adoption of 4IR solutions, we have achieved significant gains at our facilities in terms of efficiency, safety and environmental performance.

Khurais is the largest intelligent oil field in the world, harnessing advances in Big Data analytics, machine learning, smart sensors and robotics. This recognition of Khurais exactly one year to the day since it was targeted in a 2019 attack is a clear indication of our teams ability to record the highest level of achievement, despite the most difficult challenges.

Khurais was one of 10 facilities added to the network this year, taking the total number to 54 worldwide. Uthmaniyah Gas Plant was included in 2019, meaning Aramco is one of only nine companies represented in the WEF network by more than one facility - and the only major energy company in the Lighthouse network.

As MRC reported earlier, oil company Saudi Aramco is reviewing plans to expand at home and abroad in the face of sharply lower oil prices and a heavy dividend burden. Aramco will review a USD6.6 billion plan to add petrochemical output at its Motiva refinery in Texas, as well as a big natural-gas project with Sempra Energy in the same state, according to the report.

We remind that Saudi Aramco has recently suspended plans to participate in a joint venture (JV) to build a USD10-billion refining and petrochemicals complex at Liaoning, China, as the company cuts spending in response to continued low oil prices.

Besides, Saudi Aramco exited plans to participate in a refinery and aromatics JV with Pertamina in Indonesia earlier this year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.

Saudi Aramco is an integrated oil and chemicals company, a global leader in hydrocarbon production, refining processes and distribution, as well as one of the largest global oil exporters. It manages proven reserves of crude oil and condensate estimated at 261.1bn barrels, and produces 9.54 million bbl daily. Headquartered in Dhahran, Saudi Arabia, the company employs over 61,000 staff in 77 countries.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, homopolymer PP, propylene, HDPE, ethylene, petrochemistry, Motiva Enterprises, Pertamina, Saudi Aramco, Indonesia, China, Russia, Saudi Arabia, USA.
Category:General News
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