JAZAN: A number of agreements were signed here yesterday to set up Jazan Refinery, which is scheduled to go on stream in 2016, supplying 400,000 barrels of oil products daily.
Jazan Gov. Prince Muhammad bin Nasser, who witnessed the signing ceremony, said the refinery would set off the region’s development by attracting new investment projects.
Located in the heart of Jazan Economic City in Beesh, the refinery would cover 12 sq. km. The SR 5.2 billion refinery will provide more than 5,000 jobs including 4,000 indirect jobs.
The refinery will be capable of processing Arabian Heavy and Arabian Medium crude oil and produce gasoline, ultra-low sulfur diesel and benzene.
The marine terminal at the facility will have the capability of receiving very large crude carriers for the supply of crude oil to the refinery and will have berths to support refined product exports from the refinery.
Khaled Al-Buainain of Saudi Aramco signed the agreements with representatives of eight national and international companies: Abdul Aali Al-Ajami, Petrofac Saudi Arabia Ltd., Hyundai Arabia Co. Ltd., Hanwha Engineering and Construction Corp. (Korea), SK Engineering & Construction Co. Ltd. (Korea), Tecnicas Reunidas (Spain), JGC Corporation (Japan) and Hitachi Plant Technologies Ltd. (Japan).
“We witness today the realization of Custodian of the Two Holy Mosques King Abdullah’s vision for the Jazan region,” said the governor. “We hope it would be a good start for other projects in the Jazan Economic City.”
Petroleum and Mineral Resources Minister Ali Al-Naimi, who was present at the ceremony, said the project would boost Jazan’s growth, adding that King Abdullah launched the project as part of his vision to achieve a balanced development for all regions.
Prince Faisal bin Turki, adviser at the Ministry of Petroleum and Minerals, said the new projects including a seaport and an electricity plant would spur Jazan’s industrial expansion. “Jazan will become a new base for downstream and support industries,” he added.
According to Abdullatif Al-Othman, governor of Saudi Arabian General Investment Authority (SAGIA), the refinery will serve as a major attraction for investment in Jazan.
“Efforts are under way to speed up the implementation of infrastructure projects at Jazan Economic City to attract industrial and service investment,” he added.
Khalid Al-Falih, president and CEO of Saudi Aramco, said the refinery would meet the Kingdom’s growing requirements of refined petroleum products, especially in the country’s southern and western regions. “The surplus products will be exported,” he added.
The cutting-edge Saudi Aramco refinery and terminal mega-project will form the backbone of the Jazan Economic City that will transform the economic fortunes of Jazan.
Once operational, the refinery will be capable of processing heavy and medium crudes to manufacture approximately 75,000 bpd of gasoline, 250,000 bpd of ultra-low-sulfur diesel, and 80,000 bpd of vacuum residual, which will be sent to an adjacent new power block. In addition, products at Jazan will also include LPG, sulfur, asphalt and more than 1 million tons per year of benzene and para-xylene.
SR 5.2-billion refinery to spur Jazan’s growth
SR 5.2-billion refinery to spur Jazan’s growth
Deal to boost Arab research cooperation
RIYADH: The King Faisal Center for Research and Islamic Studies has signed a supplementary memorandum of cooperation with the Arab League Educational, Cultural and Scientific Organization to strengthen collaboration in education, culture, science, heritage and knowledge.
The appendix builds on an earlier agreement and aims to deepen institutional partnership in intellectual, cultural and scientific research, with a focus on programs linked to the Arabic Narrative project launched by the center three years ago.
It was signed at a ceremony attended by Prince Turki bin Faisal bin Abdulaziz, chairman of the King Faisal Center, and ALECSO Director-General Mohamed Ould Amar, the Saudi Press Agency reported on Tuesday.
The agreement reflects both sides’ commitment to high-quality cooperation drawing on the King Faisal Center’s research expertise and ALECSO’s role in advancing Arab culture and knowledge.
Under the memorandum, the two parties will organize specialized scientific and cultural seminars and conferences related to the Arabic narrative.
The cooperation also includes in-depth research on the trajectories of Arab thought and its links to global knowledge, while enriching the initiative’s cultural content through expertise in history, language, heritage and interdisciplinary studies.
Both institutions aim to foster a research environment that produces rigorous scholarship to strengthen the Arab narrative and present it to regional and international audiences.
The agreement also provides for the establishment of the “ALECSO Chair at the King Faisal Center for Arab-Islamic Studies,” marking a new phase of collaboration.
