SAUDI ARABIA

Aramco Boosting Refining Capacity, Plans ‘Value-Maximizing’ Integration

Saudi refineries hiked output by 18.3% last year, helped by the ramp-up of production at Satorp refinery. Yet Aramco is not satisfied with capacity expansion alone: it aims to squeeze out additional value along the processing chain.

Saudi Aramco says the kingdom’s refineries delivered an average 2.18mn b/d of products in 2014, compared with 1.84mn b/d in 2013. Much of this 18.3% rise is...