Entity

Saudi Aramco Refinery, initially JV with Shell.

© Saudi Aramco Media Gallery

SASREF refinery establishment date

The refinery was first established in 1981 when the General Petroleum and Mineral Organization (Petromin) and Shell Global signed an agreement to establish an oil refining complex in Jubail Industrial City. Construction was initiated in 1982. Then in 1984, the refinery was completed with the start of the first unit.

On December 23, 1986, the company was inaugurated by King Fahd bin Abdulaziz. The refinery production operations increased and reached by the end of 1988 more than 305,000 barrels per day. The later development occurred in February 1989 when the ownership of Petromin’s share was transferred to the Saudi Arabian Marketing and Refining Company (SAMAREC), then the latter transferred its shares in July 1993 to the Saudi Arabian Oil Company (Saudi Aramco). On September 18, 2019, Aramco acquired the entire shares of Shell Saudi Arabia.

SASREF refinery products

The refinery produces naphtha, high-sulfur fuel oil, jet fuel and diesel fuel. It also owns and manages a refinery that includes a hydrocracker unit, a visbreaker unit and a thermal gas oil unit.

Saudi Aramco's acquisition of SASERF refinery

Aramco acquired Shell's equity in the SASREF joint venture for SAR2.4 billion, thus expanding Saudi Aramco's net refining capacity by 152.5 thousand barrels per day. Because of this agreement, Aramco became the sole shareholder in SASREF and changed its name to "Saudi AramcoJubail Refinery", which owns and operates the refinery.