The total production of gasoline in the refineries "Aramco" is about 73.67 million barrels in 2016, from the previous year
production of 67.90 million barrels.
According to a report by Al Iqtisadia report unit, official
production by Saudi Aramco, the production of domestic refineries of
gasoline increased by 8.6 percent, up from 5.8 million barrels in 2015.
Ras
Tanura refineries accounted for 62.5 percent of the total domestic
production of gasoline, followed by Riyadh refinery by 17 percent and
14.9 percent, while Jeddah refinery accounted for about 5.5 percent of
gasoline production the local.
The
Riyadh refinery recorded a rise in production, which is the highest
among the refineries by about 12.56 million barrels for 2016 compared to
11.37 million barrels in 2015, and by 10.47 percent, followed by Ras
Tanura refinery, where production rose by about 9 percent and 3.81
million barrels from 2015, As well as the Jeddah refinery by 8.8 percent, while the production of the refinery Yanbu about 500 thousand barrels.
According
to the monitoring, the production of domestic refineries recorded about
342.8 million barrels in 2016 through the main products, including 11.6
million barrels of liquefied gas, about 23.30 million barrels of
naphtha, about 16.4 million barrels of aviation fuel and kerosene, in
addition to 124.49 million barrels of diesel and about 75 million barrels of fuel oil, and about 18.24 million barrels of asphalt as well as gasoline productivity.
Aramco recorded sales of 686.59 million barrels for its total products
last year, with sales in the Western region accounting for 58.5 percent
of total sales followed by the central region at 23.8 percent and 17.7
percent for the Eastern region.
The largest share of domestic sales of gasoline and diesel products,
which accounted for 66.5% of total sales, amounted to 456.54 million
barrels, of which 207.37 million barrels of gasoline and about 249.17
million barrels of diesel.
"We
achieved remarkable results in 2016, although this was a difficult year
in the oil industry because of low oil prices and weak global market
growth," said Amin Hassan Al Nasser, Head of Saudi Aramco, its
chief executive.
He
added that the company operational efficiency and financial
discipline helped achieve these impressive results, enabling the company
to go through an important stage in implementing its long-term
strategy, which aims to maintain the position of the leading company
among the world's leading integrated companies in energy and chemicals, In business and project management, value creation, technology production and human resource development. "
This was in response to a report issued by the company in 2016,
highlighting the achievements of the year in implementing its long-term
integrated strategy as the largest energy company in the world.
According
to the report, during 2016, Aramco continued to make significant
achievements in the fields of prospecting and increasing production
capacity. It discovered two new oilfields and a new gas field. The
capacity of the crude oil production facility in Shaiba increased by
250,000 barrels per day through a large expansion project. Operation of a new natural gas liquids processing unit in Alshibah,
and the gas station feeder in Wasit reached its maximum operational
level of 2.5 billion standard cubic feet per day.
In
terms of refining, marketing and chemicals, Saudi Aramco has
strengthened its refining, marketing and chemicals strategy by taking
new steps to expand and integrate its local and global facilities. At
the local level, the joint venture with Dow Chemical began the pilot
operation of the region's first mixed-feed feeder with 3 million tonnes
of high performance plastics. The Ethane cracking project under Phase II
of the PetroRabigh project, Japan's Sumitomo Corporation is in full operation, with a production
capacity of 400,000 barrels per day (bpd) at Jazan Refinery, which has a
production capacity of 55 per cent.
Internationally,
Saudi Aramco signed an agreement with Shell to split the assets of
Motiva in preparation for further expansion in refining,
processing and marketing. In
the Netherlands, Aramco launched the Arlanccio project, a joint venture
of specialty chemicals, which was implemented with Lancace. The company also started exporting quantities of Aramco-Deora, a new base oil bearing the company's brand. As part of the company's enhanced environmental commitment, Saudi
Aramco has acquired Converge, a brand-new innovative technology that is
used to transform carbon dioxide into cleaner valuable products.
-Economic Reports Unit
