Projects Monitor 
Covering major construction projects in the Middle East
» Back to Projects Home
 Updated: 11Jan12
 
Red Sea Refining Company - Yanbu Export Refinery
Also Known As : YERP
Country : Saudi Arabia
Project Value : USD 12,000,000,000 Estimated
Sector : Oil and Gas | Refinery
Consultant : KBR (FEED)
PMC : KBR
Profile Type :  Master Project
Associated Projects : Contract Package (9)
Phase:
EPC - Execution
Completion: Q4 2014
 
 
Owner : Red Sea Refining CompanyRed Sea Refining CompanyLoading... - Saudi Arabia
Shareholders : Sinopec International Petroleum - China - 37.50 %
 Saudi Arabian Oil CompanySaudi Arabian Oil CompanyLoading... - Saudi Arabia - 62.50 %
Location :
Yanbu Industrial City , Yanbu , Medina, Saudi Arabia
Contract Type : EPC - Engineering, Procurement, Construction
Payment Terms : Lump Sum Turnkey (LSTK)
Facility Type : Refinery
Capacity : 400,000 bpd of Arabian heavy crude
Background Red Sea Refining CompanyRed Sea Refining CompanyLoading... plans to develop Yanbu Export Refinery, in Yanbu Industrial City, Saudi Arabia.

The refinery will produce motor fuels and other refined products for the US and European markets.

The project will be divided into 11 main packages: 4 main processing packages, and 7 other specialty packages.

The crude oil will be supplied by AramcoAramcoLoading....

The feedstock will be mainly provided from the Manifa oilfield.

Air Liquide is the hydrogen supplier.

KBRKBRLoading... is the PMC and FEED study consultant.
Expected Events
Schedule Contract Phase/Phase Description
Q4 2014 CompletionProject expected to be completed
Latest Events In January 2012, construction of the main units was ongoing.

In Q4 2014, the project is expected to be completed.
Previous Events In March 2011, Saudi Arabian Oil CompanySaudi Arabian Oil CompanyLoading... (AramcoAramcoLoading...) and SinopecSinopecLoading... signed the initial joint venture agreement to develop the refinery and a USD 216 million construction contract for the Interconnecting Systems (Specialty Package 6) was awarded to Mohammad Al Mojil GroupMohammad Al Mojil GroupLoading... and construction started.

In August 2010, engineering work started for the project and the EPC contract for the solids handling package was awarded to Techint.

On 28 July 2010, six EPC contracts were officially signed. The Coker package was awarded to Tecnicas ReunidasTecnicas ReunidasLoading..., the Crude package was awarded to SK Engineering & ConstructionSK Engineering & ConstructionLoading... Company, the offsites and utilities package was awarded to Dayim Punj Lloyd, the Gasoline and Hydrocracker packages were awarded to Daelim Industrial Company and the Tank Farm package was awarded to ENPPIENPPILoading....

On 21 April 2010, ConocoPhillipsConocoPhillipsLoading... announced that it withdrew from the project JV.

On 5 August 2009, the combined PMC and FEED study contract was awarded to KBRKBRLoading....

On 6 November 2008, AramcoAramcoLoading... and ConocoPhillipsConocoPhillipsLoading... announced their decision to halt the bidding process.

In May 2006, Saudi AramcoAramcoLoading... and ConocoPhillipsConocoPhillipsLoading... signed the MoU.
Scope of Work Construction of:

Package 1:
Coker Package:
- Delayed Coker Unit (DCU)
- Unsaturated Gas Plant (UGP)
- Mercaptan Removal Unit (MRU)

Package 2:
Crude Block Package:
- Crude Distillation Unit (CDU)
- Vacuum Distillation Unit (VDU)
- Saturated Gas Plant (SGP)

Package 3:
Gasoline Distiller Package:
- Distillate Hydrotreater (DHT)
- Continuous Catalytic Reformer (CCR)
- Naphtha Hydrotreater (NHD)
- Benzene Extractor Unit (BEU)
- Isomerisation Unit (ISM)

Package 4:
Hydrocraker Package
- Hydrocracker
- Hydrogen unit

Specialty packages include: tank farm, solids handling, offsite pipelines, electrical work, and interconnection work
Financing Source CitibankCitibankLoading... and Riyad bank are the financial advisors.

In February 2010, financing invitations were issued.

In May 2008, Saudi AramcoAramcoLoading... and ConocoPhillipsConocoPhillipsLoading... announced the approval of continued funding for the development.

In August 2006, CitibankCitibankLoading... and Riyad BankRiyad BankLoading... were awarded the advisory mandate.
Contract Packages
Type Project Name Contract Value
Red Sea Refining Company - Yanbu Export Refinery - Offsite Pipelines USD 1,500,000,000
Red Sea Refining Company - Yanbu Export Refinery - Coker Package (Package 1) USD 1,200,000,000
Red Sea Refining Company - Yanbu Export Refinery - Crude Block Package (Package 2) USD 970,000,000
Red Sea Refining Company - Yanbu Export Refinery - Gasoline Distiller Package (Package 3) USD 2,300,000,000
Red Sea Refining Company - Yanbu Export Refinery - Hydrocracker Package (Package 4) USD 1,200,000,000
Red Sea Refining Company - Yanbu Export Refinery - Hydrogen Production Units USD 450,000,000
Red Sea Refining Company - Yanbu Export Refinery - Interconnecting Systems (Specialty Package 6) USD 216,000,000
Red Sea Refining Company - Yanbu Export Refinery - Solids Handling (Specialty Package 3) USD 450,000,000
Red Sea Refining Company - Yanbu Export Refinery - Tank Farm USD 400,000,000
Project News
13-Sep-2010 Saudi Arabia: Air Liquide involved in Mega refinery project - Press Release
25-Apr-2010 Aramco unlikely to scale down Yanbu refinery plan - Arab News
20-Jul-2009 Saudi to boost refining capacity by 1.6m bpd - Emirates 24|7
07-Nov-2008 Oil alliance halts bid for refinery - Financial Times
17-May-2008 Saudi Aramco and ConocoPhillips Confirm Yanbu Export Refinery Project - Saudi Press Agency
24-May-2006 Saudi Aramco, ConocoPhillips Sign Yanbu’ Refinery Pact - Saudi Press Agency
22-May-2006 Saudi Arabia: $6 Billion Deal Signed - The Saudi Gazette
22-May-2006 Saudi Arabia: Aramco, Total Sign Deal for $6bn Refinery - Arab News
22-May-2006 Saudi Arabia joins forces with Total in Dollars 6bn deal to build oil refinery - Financial Times
21-May-2006 Saudi Arabia agrees $6bn oil refinery deal with Total - Financial Times
» More News
» More News

Project Schedule

ScheduleContract Phase/PhaseDescription
May 2006 PlanningAramcoAramcoLoading... and ConoccoPhilips signed a MoU
05 Aug 2009 FEEDContract awarded to KBRKBRLoading...
 PMCContract awarded to KBRKBRLoading...
28 Jul 2010 EPCSix EPC contracts officially signed
Aug 2010 EPCContract for the solids handling package awarded to Techint.
 EPCEngineering work started
Mar 2011 PlanningInitial joint venture agreement to develop the refinery signed between Saudi Arabian Oil CompanySaudi Arabian Oil CompanyLoading... (AramcoAramcoLoading...) and SinopecSinopecLoading...
 ConstructionContract for interconnecting systems (specialty package 6) awarded to Mohammad Al Mojil GroupMohammad Al Mojil GroupLoading...
Q4 2014 CompletionProject expected to be completed

Project News

13-Sep-2010 Saudi Arabia: Air Liquide involved in Mega refinery project - Press Release
25-Apr-2010 Aramco unlikely to scale down Yanbu refinery plan - Arab News
20-Jul-2009 Saudi to boost refining capacity by 1.6m bpd - Emirates 24|7
07-Nov-2008 Oil alliance halts bid for refinery - Financial Times
17-May-2008 Saudi Aramco and ConocoPhillips Confirm Yanbu Export Refinery Project - Saudi Press Agency
24-May-2006 Saudi Aramco, ConocoPhillips Sign Yanbu’ Refinery Pact - Saudi Press Agency
22-May-2006 Saudi Arabia: $6 Billion Deal Signed - The Saudi Gazette
22-May-2006 Saudi Arabia: Aramco, Total Sign Deal for $6bn Refinery - Arab News
22-May-2006 Saudi Arabia joins forces with Total in Dollars 6bn deal to build oil refinery - Financial Times
21-May-2006 Saudi Arabia agrees $6bn oil refinery deal with Total - Financial Times
» More News
 
Red Sea Refining Company
Owner 
C/O Aramco Building, Al Sharqiyah, P.O. Box 5000, Dhahran 31311, Saudi Arabia
Tel: +966 3-872-0115 | Fax: +966 3-873-8190 | Email: webmaster@aramco.com | Website: http://www.saudiaramco.com/
  • Name: Ali Ajami
    Position: Project Manager
    Tel: +966 3-891-6579
  • Name: Mohammad Al Onaizi
    Position: Communication Projects Department Manager
 
KBR
Consultant - FEED
Al Sharqiyah, P.O. Box 3474, Al Khobar 31952, Saudi Arabia
Tel: +966 3-858-8877 | Fax: +966 3-873-0176 | Website: www.kbr.com
 
KBR
PMC 
Al Sharqiyah, P.O. Box 3474, Al Khobar 31952, Saudi Arabia
Tel: +966 3-858-8877 | Fax: +966 3-873-0176 | Website: www.kbr.com
 
Saudi Arabian Oil Company
Shareholder 
Saeed Tower, Dammam Khobar Highway, P.O. Box 151, Al Khobar 31952, Saudi Arabia, Al Sharqiyah
Tel: +966 3-872-0115,+966 3-810-6999 | Fax: +966 3-814-7063,+966 3-873-8190 | Email: webmaster@aramco.com.sa | Website: www.saudiaramco.com
  • Name: Muhammad Al Subhi
    Position: Head of Project Management Team
    Tel: +966 3-891-4809
  • Name: Abdul Hamid Al Hatlani
    Position: Business Manager
    Tel: +966 3-874-1755
 
Sinopec International Petroleum
Shareholder 
Saudi Arabia Tel: +966 3-857-5801 | Fax: +966 3-857-5803 | Website: www.sinopecgroup.com/
Key:    Master Project    Contract Package
Print
 
  • SEARCH MIDDLE EAST PROJECTS
 
 
 
 
About Zawya Join the team Advertise on Zawya Membership Solutions Sitemap Contact Us
Copyright © 2012 Zawya. All right reserved. Terms & Conditions. Quote data provided by © TickerChart
This site works best with Internet Explorer 7+, Mozilla Firefox 5.0+ and the latest versions of Google Chrome, Opera & Apple Safari