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Aramco Expected to Restart Yanbu Plant in End of February

Source: Reuters 2/17/2014, Location: Middle East

Saudi Aramco is expected to restart its 240,000 barrels per day (bpd) refinery in Yanbu around end of February following its shutdown early this month for planned maintenance, traders said. Aramco declined to comment when contacted.

The refinery exports about 50,000 to 75,000 tonnes of naphtha a month, traders said, and the volumes lost from the maintenance will be offset by large inflows of cargoes from Europe and the Mediterranean.

Saudi Aramco operates another 400,000 bpd refinery in Yanbu, but together with ExxonMobil, which is running normally, traders said.

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