• Gasoline production from domestic refineries is up by 8.6%


               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

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