Saudi Aramco awards contract for its Jazan refinery
Under the new contract, which will be in force for 20 years, Air Products will have 25% stake in the complex while the rest will be owned by ACWA. The companies will also supply 75,000 tons of gas per day to Saudi Aramco’s refinery in Jazan, which is currently under construction.
The refinery, which is slated to be completed by the end of 2016, is expected to be able to process 400,000 barrels of crude oil per day capacity to produce gasoline, ultra-low sulfur diesel, benzene and PX.
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