Skip to content Skip to Search
Skip navigation

Saudi Aramco to begin Sasref refinery expansion

By Pramod Kumar
The Sasref expansion, located in Jubail Industrial City in the Eastern Province, is currently in the pre-feed stage Aramco
The Sasref expansion, located in Jubail Industrial City in the Eastern Province, is currently in the pre-feed stage

Saudi Aramco has signed a development framework agreement to begin the expansion of the Sasref refinery in Jubail, Saudi Arabia.

A tripartite pact was signed with Saudi Aramco, Saudi Aramco Jubail Refinery Company (Sasref), and an affiliate of Rongsheng Petrochemical Co.

The agreement outlines the design and development of the project and underscores Aramco’s plans to partner in pursuit of expanding its downstream operations, both in the kingdom and internationally, said downstream president Mohammed Al Qahtani.

The pact also highlights the potential of the kingdom’s downstream sector to attract overseas players, he said.

In April, Aramco and Rongsheng Petrochemical signed a cooperation framework agreement to set up a joint venture in Sasref and make significant investments in the Saudi and Chinese petrochemical sectors.

The preliminary documents relating to the development framework agreement were signed in September.

The Sasref expansion, located in Jubail Industrial City in the Eastern Province, is currently in the pre-feed stage.

The project will include the construction of large-scale steam crackers, the integration of associated downstream derivatives into the existing Sasref complex, and enhancing its ability to meet the growing demand for high-quality petrochemical products.

No details on the expansion cost were given.

Latest articles

A data centre technician. Amazon, Google and Microsoft are also developing high-tech infrastructure in Southeast Asia

Damac to spend $3bn on data centres in Southeast Asia

Edgnex, the data centre subsidiary of Dubai’s Damac Group, is planning to invest $3 billion in sites across Southeast Asia over the next three to five years.  The investment is part of a $7 billion digital infrastructure strategy that aims to meet rising demand for artificial intelligence and cloud computing, Danish Nayar, Damac’s senior vice-president […]

City, Architecture, Building

Aldar acquires unfinished commercial tower in DIFC

Abu Dhabi’s largest developer, Aldar Properties, has acquired an unfinished commercial tower in the Dubai International Financial Centre (DIFC) for AED2.3 billion ($626 million), as it continues its expansion into its neighbouring emirate.  The tower, bought from H&H Development, has 40 floors of commercial and retail space and is due for completion in 2028.  It is […]

Britain's King Charles and Queen Camilla with the Emir of Qatar Sheikh Tamim bin Hamad Al Thani and Britain's Princess Anne, Princess Royal attend a State Banquet at Buckingham Palace, London, during the state visit to the UK of the Emir of Qatar, Britain, December 3, 2024.

Qatar to invest £1bn in UK climate tech

The Qatari and British governments have announced a spate of deals as the Gulf country’s emir arrived in the UK on a two-day state visit. Officials announced on Wednesday that Qatar will invest £1 billion ($1.27 billion) in climate technology in the UK, with British engineering firm Rolls-Royce a key beneficiary. The investment is expected […]

Muhammad Al Jasser of the Islamic Development Bank, second from left, at the United Nations Convention to Combat Desertification in Riyadh

Arab funds pledge $10bn to fight desertification

The Arab Coordination Group, an alliance of 10 development funds, is to provide $10 billion by 2030 to combat land degradation, desertification and drought, it was announced on the second day of the United Nations Convention to Combat Desertification event in Riyadh.  The commitment brings the total pledged to these interrelated causes at the two-week […]