Saudi Arabia: Refinery Project Saudi Aramco Reports Progress of Jazan Refinery Project
Members of Saudi Aramco’s management team, led by president and CEO Amin Nasser, visited Jazan to be updated on construction progress at the Jazan Economic City (JEC) and refinery and terminal projects.
Jazan/Saudi Arabia — The projects is part of the road map Saudi Vision 2030 aimed at diversifying the Kingdom's economy. According to the state-owned oil company, the project is now about 70 % completed.
The 106 km2 Economic City is seen as a pivotal contribution to the economic development of the region and as a key future driver for foreign direct investment into the Kingdom. The site consists of a wide range of complex engineering and construction packages that will reach a processing capacity of more than 400,000 barrels per day of crude oil, providing fuels for domestic and international customers. The Jazan Refinery complex will also be equipped with a port and a four gigawatt power plant that will make the refinery self-sufficient and provide power to locally owned manufacturing and service companies.
Nasser addressed the Project Management Team (PMT), saying: “I would like to thank you all for your work. This project is very important for the region and we should be proud of the positive impact we are creating in terms of enabling an ecosystem. We need to bring business and investment here, light industry and medium-sized industry. You are creating an ecosystem, creating opportunities for investment and job opportunities. In five years’ time, you will see a very different city. We need to execute the project safely and we are proud we are building this mega-project." He also suggested a drive to mobilize potential investors in China.