Total, Saudi Aramco remain interested in SATORP petrochemicals expansion
10/14/2015 12:00:00 AM
France-based Total and state-run oil company Saudi Aramco remain interested in expanding petrochemicals production at their SATORP refining JV in Saudi Arabia, a senior Total executive told news agency Reuters.
Jean-Jacques Mosconi, senior vice president at Total for refining and petrochemicals in the Middle East and Asia, told Reuters that the expansion would be large and involve capacity increases for linear-alpha olefins, poly-alpha olefins and elastomers.
However, the companies need to solve the issue of obtaining gas feedstock supplies before conducting detailed studies of the project, he said. The companies have been considering the project for several years.
"Total and Aramco remain interested in this project, but to launch it we need gas allocations, and we are working on that," Mosconi told Reuters.
Saudi Arabia is currently investing billions of dollars to locate and develop new gas supplies, which could be used to develop further petrochemical projects.
SATORP, located in Jubail, includes a 400,000-bpd refinery and petrochemicals units with a combined total of 1 MMtpy.
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