Saudi Aramco produced 3.2 million barrels per day (bpd) of refined products in 2018, an 8 percent year-on-year (YoY) increase, bond prospectus’ data showed.
The state-owned oil giant is seeking to increase the output of refined products, it said, adding that Jazan refinery is expected to start production during 2019.
Production of local refineries marginally declined in 2018 to 1.88 million bpd, while the firm’s international refineries increased output by 23 percent YoY to 1.36 million bpd.
In terms of products, gasoline and diesel accounted for 63 percent of the total local production in 2018 at 1.18 million bpd.
Gasoline and jet fuel represented 56 percent of the total output of Aramco’s international refineries for the year.
|
Local output of refined products (mln barrels) |
|||
|
Product |
2017 |
2018 |
Variation |
|
Diesel |
747 |
762 |
+2% |
|
Gasoline |
422 |
416 |
(1%) |
|
Jet fuel/kerosene |
145 |
156 |
+8% |
|
Fuel oil |
345 |
315 |
(9%) |
|
Other products |
233 |
235 |
+1% |
|
Total |
1891 |
1884 |
(0.4%) |
|
International output of refined products (mln barrels) |
|||
|
Product |
2017 |
2018 |
Variation |
|
Diesel |
342 |
447 |
31% |
|
Gasoline |
212 |
312 |
47% |
|
Jet fuel/kerosene |
167 |
194 |
+16% |
|
Fuel oil |
109 |
97 |
(11%) |
|
Other products |
276 |
306 |
+11% |
|
Total |
1106 |
1356 |
+23% |
|
Grand Total |
2998 |
3239 |
+8% |
Aramco produced around 2.8 million bpd of refined products from its local wholly owned projects and joint ventures in 2018. Ras Tanura Refinery accounted for the biggest share at 528,000 bpd.
The company’s foreign projects and joint ventures produced around 1.9 million bpd in 2018.
|
Aramco’s refining capacity in 2018 (‘000 bpd) |
|||
|
Refinery |
Gross capacity |
Aramco net capacity |
Aramco or affiliate ownership |
|
Ras Tanura |
550 |
528 |
100% |
|
Yanbu |
250 |
251 |
100% |
|
Riyadh |
130 |
139 |
100% |
|
SATORP |
400 |
418 |
62.5% |
|
YASREF |
400 |
421 |
62.5% |
|
SAMREF |
400 |
328 |
50% |
|
SASREF |
305 |
307 |
50% |
|
Petro Rabigh |
400 |
387 |
37.5% |
|
Total local refining capacity |
2835 |
2779 |
-- |
|
Motiva (USA) |
635 |
654 |
100% |
|
S Oil (South Korea) |
669 |
657 |
61.6% |
|
FREP (China) |
280 |
176 |
25% |
|
Showa Shell (Japan) |
445 |
429 |
15.1% |
|
Total international refining capacity |
2029 |
1916 |
-- |
|
Grand Total of local & international refining capacity |
4864 |
4695 |
-- |
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