Want to Lose Money? Run Saudi, Russian Crude in a Refinery
Saudi Aramco, Saudi Arabia's state-owned oil company, now has 100 percent control of the largest refinery in North America. The Port Arthur refinery in Texas, which can process 600,000 barrels of oil
Asia needs light crude, Saudi Arabia needs oil products
Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after attacks that forced it to shut down more than half of its oil output. Top oil-consuming region Asia, though, can tap strategic oil reserves if
Saudi Arabia has been exporting more crude oil to China, less
Saudi Arabian crude oil exports to China increased recently, in part, because of the start-up of a new 0.4 million b/d refinery in Dalian, Liaoning Province, which has a supply agreement with Saudi Aramco, Saudi Arabia's national oil company.
Korea Refining/Chemical: Refining Margins Rise After Saudi
Refining margins for naphtha, gasoline and bunker C oil are widening sharply after the attack on a Saudi Aramco oil processing facility and oilfield. To maintain crude oil supplies, Saudi Arabia
Saudi Arabia: Saudi Aramco refining capacity by facility 2017
Saudi Aramco's refining capacity in Saudi Arabia in 2017, by facility (in 1,000 barrels per day) Global refinery capacity for crude oil from 1970 to 2018 Refining capacity South Korea 2017
What's Behind Saudi Arabia's New Downstream Strategy
By investing in refineries in South Korea, China and India, Saudi Arabia not only will be ensuring export markets for its crude oil but will also be adding value when its crude is sold as refined
The Saudi Oil Shock: Who Wins, Who Loses
Jamnagar Refinery in India is the largest Oil refinery in Asia and World as well with daily production capacity of 1,240,000 barrels, The SK Energy Co., Ltd. Ulsan Refinery is the second largest (850,000 barrels per day) and third largest Oil refinery is GS-Caltex Yeosu Refinery (830,000 barrels per day) both refineries are located in South Korea.
List of oil refineries
This is a list of oil refineries.The Oil & Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
Saudi Aramco signs crude supply, storage, refining deals with
Saudi Arabia is already the biggest crude oil supplier to South Korea. South Korea most recently imported 24.75 million barrels of crude from the Kingdom in May, up 3.4% year on year from 23.94 million barrels a year ago, according to South Korea's customs data.
Aramco ramps up in South Korea with $1.6B bet on refiner
Saudi Arabia is the top crude oil supplier to South Korea, the world's fifth-biggest importer. In 2018, South Korea imported 323.17 million barrels of crude from the kingdom, or 885,408 barrels per day ( bpd ), according to data from Korea National Oil Corp.
11 World's Largest Oil Refineries by Processing Capacity
Usually, the crude oil processing capacity and size of the processing unit in the refinery are considered here to rank. The oil-producing countries send raw crude oil to the oil importing countries including the United States, India, South Korea and China. As per the demand, companies build large oil refineries in particular places.
Buyers of Saudi oil scramble for alternatives, U.S. exports
The oil markets were in turmoil on Monday after the weekend's attack on Saudi facilities, as refiners in top consumer Asia looked for alternative supplies, U.S. crude producers ramped up efforts
South Korea: refining capacity by oil refinery 2017 | Statista
2019 global list of the top oil and gas companies based on revenue Crude oil refinery input South Korea 2008-2017 Share of Saudi Aramco's ownership refining capcity in Saudi Arabia by
After attacks, Asia needs light crude, Saudi Arabia needs oil
Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after attacks on Saturday that forced it to shut
Saudi Arabia soothes Asia over oil supply fears after attacks
Saudi Arabia soothes Asia over oil supply fears after attacks left South Korea with 'most to lose' Saudi Arabia is the top crude supplier to South Korea, accounting for about 30 per cent
US crude exports forecast to exceed most Opec members by 2020
The US will quadruple its crude oil exports to volumes greater than those of most Opec members within three years, an influential consultant has forecast, as Texas producers seek customers for
Saudi Aramco signs 12 agreements with South Korean partners
Saudi Aramco and its affiliates signed 12 agreements with major South Korean companies to reinforce relationships with South Korea, expand international operations, and support the region's energy security with the expansion of Arabian crude oil supply to Asian markets.
Saudi Arabia sees 1.2 mbpd of new refining capacity by 2020
Saudi Arabia will see 1.2 million barrels per day (mbpd) of new refining capacity come online by 2020, Riyadh-based Jadwa Investment said in its new report on crude oil refining. This includes the
IMF cuts Gulf countries' growth forecasts on OPEC+ cuts, oil
Oil GDP -- which refers to oil economy of the Gulf region -- is forecast to contract 1.4% in 2019 compared to a 2.5% growth in 2018. The oil GDP is expected to grow 1.9% in 2020, the IMF said. Oil GDP growth in 2020 "reflects a mix of rising oil production in Kuwait and Saudi Arabia, the Jizan refinery becoming fully operational [in Saudi
Saudi Arabia steps backwards despite high oil prices
Oil prices are headed to $100 and Saudi Arabia which dictated global oil prices for long will be incapable of preventing a supply choke even if it tries. Talk about irony. As we previsoulsy covered, the US reimposed sanctions on Iran after withdrawing from the Iran nuclear agreement in May.
Crude to chemicals - Saudi Aramco
Of the research tracks, the most advanced is the Thermal Crude to Chemicals (TC2CTM) program. Saudi Aramco has already entered into a Joint Development Agreement with U.S.-based leading technology provider CB&I (now McDermott) and Chevron Lummus Global to further accelerate the development and demonstration of the technology.
Oil prices jump as attack on Saudi plant jolts supply | WTOP
But many oil refineries along the U.S. Gulf Coast are designed to process heavy crude so it imports some of that from Saudi Arabia while shipping some of its own light, sweet crude to Europe.
The Saudi Oil Price War Is Backfiring | OilPrice.com
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the
Saudi Arabia maintained crude oil market share in Asia in the
The share of these crude oil imports from Saudi Arabia averaged 23.2% from January to June, compared to 23.9% in the same period in 2014. Saudi Arabian crude oil import shares were nearly unchanged in China, Japan, India, South Korea, Taiwan, and Thailand, while declining in Singapore.
Oil Industry Needs Dealmaker To Come Through With China
But Saudi Aramco last week cut its official selling prices (OSPs) for most of the crude grades it sells to Asia in October, making Saudi oil competitive. Saudi Arabia, the world's top crude oil
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