Here’s a look at Saudi Aramco’s refined products output in 2018

02/04/2019 Argaam Special

 

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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