Pipelines And Storage Tanks Are Added To Saudi Arabia's Capacity
05.02.2021 By Ricardo Perez - NEWS

May 2, 2021 [Pipe Line Journal] – A consortium comprising Dubai’s ENOC (Emirates National Oil Company) Group and Rotary Arabia have completed construction of four new pipelines from the Red Sea port’s Farabi Petrochemicals’ Yanbu facility to the nearby independent storage facility operated by Arab Tank Terminal Ltd. (ATTL). The ATTL facility has a petrochemical storage capacity of around 288,000 m³, spread over 28 tanks.

 

Currently, around 70% of the Yanbu facility production output consists of linear alkyl benzene (LAB) and normal paraffins (NPN) with the remainder being assorted derivative products.

At present, the Farabi Petrochemicals’ Yanbu facility supplies not only Saudi Arabia’s domestic market, but through the port of Yanbu, it is able to export its output to customers throughout the Middle East and further afield to Europe and Asia.

Today according to ENOC Group CEO Saif Humaid Al-Falasi, about 72% of regional petrochemical output is focused on meeting the needs of local customers, with the main dominant petrochemical producer being Saudi Arabia. However, ENOC’s investment in Saudi Arabia is part of its efforts to increase overseas production capacity by at least 7.6%. One thing is clear it is part of the region’s efforts to become less dependent on exporting crude oil to customers worldwide.

Click Here to Access Today a 6,350 Tank Terminal Database With a Pro Trial

6,350 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

India's First Methanol Plant to be Set up in Telangana
11.21.2024 - NEWS
November 21, 2024 [Chem Analyst]- In a groundbreaking initiative, India is set to get its first m... Read More
Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases, Sources Say
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Egypt is in talks with U.S. and other foreign companies to purchase ... Read More
INEOS and GNFC Sign a Memorandum of Understanding to Build a New World Scale Acetic Acid Unit in India
11.21.2024 - NEWS
November 21, 2024 [INEOS]- INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals L... Read More
Peru's State Oil Firm Could Open to Private Investors in 2025, Chairman says
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Peru’s indebted state-run oil firm could consider offering a ... Read More