DUBAI: Saudi Aramco Mobil Refinery Company (SAMREF) will shut most of the units at its 400,000 barrel per day (bpd) Yanbu refinery in March to bring a new cleaner fuel project online, traders said on Monday.
The outage planned by the joint venture between state-oil company Saudi Aramco and U.S. energy giant ExxonMobil is expected to start on March 10 and last for 45-50 days, traders and an industry source said.
The world's two largest energy companies have invested $2.5 billion to upgrade the facility on the Red Sea coast of Saudi Arabia to produce cleaner fuels. The refinery mostly exports gasoil and gasoline. (Reuters)
