Saudi Aramco boosts Fadhili gas plant capacity to 2 bln cf/d in Q1 2020

The Fadhili gas plant increased its processing capacity to 2 billion cubic feet a day (cf/d) in Q1 2020 from 1.5 billion cf/d by the end of 2019, Saudi Aramco said in a statement to Tadawul.

Progress remained on track, the company added, expecting the plant to reach full capacity of 2.5 billion cf/d by the end of 2020.

Despite a challenging market environment, the downstream business is keeping pace with its long-term strategy to capture value across the hydrocarbon value chain through further strategic integration and diversification of its operations, Aramco further noted in the statement.

Saudi Aramco posted a 24% year-on-year (YoY) drop in net profit after Zakat and tax to SAR 63.53 billion for Q1 2020, compared to SAR 83.23 billion in Q1 2019.