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Saudi Aramco awards service contract to Worley for its Ras Tanura refinery

October 13/2021

MOSCOW (MRC) -- Worley has been awarded a services contract for a residue upgrade project at Aramcos Ras Tanura refinery, as per Worley's press release.

The project will convert low-value refinery residue into higher-value products including gasoline, jet fuel and ultra-low sulfur diesel.

Under the contract, Worley will provide early front-end engineering design (pre-FEED), front-end engineering design (FEED) and project management services for the entire project. These services cover upgrades to the atmospheric and vacuum gas oil from the crude distillation unit, and an upgrade to the atmospheric gas oil from the Khuff condensate unit.

Advisian, Worleys consulting business, led the front-end conceptual studies evaluating multiple process configurations. This included the development of cost estimates for possible options, integration of technology licensors, and optimization of existing brownfield assets.

Worley has a long-standing relationship with Aramco and this important project builds on our extensive experience at the Ras Tanura refinery, said Mark Brantley, President of Europe, Middle East and Africa at Worley. We will combine our global refining and in-kingdom engineering and project management expertise to continue delivering sustainable operations to Aramco, while also remaining committed to upskilling our Saudi workforce.

As MRC wrote before, Mukesh Ambani, chairman and managing director of Reliance Industries Ltd (RIL), said in June 2021 that he expects the company's deal with Saudi Aramco to materialise this year. RIL had in 2019 announced its interest to sell 20% stake in the companys flagship chemicals and refining business to Saudi Aramco in a deal valued at USD15 billion. Last fiscal, RIL carved out its oil-to-chemicals business into a separate entity, to facilitate on boarding of strategic partners like Aramco.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.

Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national oil and natural gas company based in Dhahran, Saudi Arabia. Saudi Aramco's value has been estimated at up to USD10 trillion in the Financial Times, making it the world"s most valuable company. Saudi Aramco has both the largest proven crude oil reserves, at more than 260 billion barrels, and largest daily oil production.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, propylene, ethylene, petrochemistry, Reliance Industries, Saudi Aramco, India, Saudi Arabia.
Category:General News
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