Gulf Oil and Gas accountACCOUNT

Saudi Arabia Plans Oil to Chemicals Plant at Yanbu

Source: Reuters 3/4/2014, Location: Middle East

Saudi Arabia plans to build a plant able to turn crude directly into chemicals, without first having to refine the oil, Saudi Oil Minister Ali al-Naimi said. Development of the Saudi petrochemical sector is part of Riyadh's strategy for diversifying the economy away from heavy dependence on crude export revenues.

Chemical companies usually process refined oil products into petrochemicals, such as ethylene and propylene, that are then used to make plastics and other products.

ExxonMobil started up the world's first plant that processes crude oil into chemicals in Singapore last year.

Now the world's largest crude oil exporter plans to build its own at Yanbu, in conjunction with Saudi Basic Industries Corp (SABIC), one of the world's largest chemicals companies.

"An innovative technology is being studied by the ministry, in collaboration with SABIC, to set up an integrated industrial complex for the production of petrochemicals from crude oil without the need to build a conventional oil refinery," Naimi told a conference in the Red Sea coastal port of Yanbu.

He said the chemicals project would help provide jobs for Saudi youth in the growing industrial port, home to several petrochemicals plants and oil refineries.

State-run oil giant Saudi Aramco has been researching ways to make ethylene and propylene directly from oil for years.

Petrochemicals News in Saudi Arabia >>

Qatar >>  2/13/2019 - Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to su...
Iran >>  2/6/2019 - The governor of Khuzestan Province, southwestern Iran, inaugurated two petrochemical projects in Mahshahr Petrochemical Especial Economic Zone (PETZON...

China >>  1/29/2019 - BP, through its new joint venture partnership with Dongming Petrochemical, opened its first branded station in Shandong, China. The new store is the f...
Iran >>  1/29/2019 - The ethane produced by the onshore refineries of phases 22 to 24 of the South Pars gas field is now being fed to petrochemical plants as feedstock. Ac...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.