Aramco plans cleaner fuels for Ras Tanura, Rabigh refineries

Updated 25 June 2015
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Aramco plans cleaner fuels for Ras Tanura, Rabigh refineries

ALKHOBAR: Saudi Aramco has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said.
There has been a shift in Middle Eastern refineries to produce cleaner fuel to target export markets with stricter environmental requirements.
Early in January, industry sources had told Reuters Aramco suspended plans to develop the $2 billion project in Ras Tanura due to the drop in the oil price.
Aramco's former Chief Executive Officer Khalid Al-Falih, now chairman, had said the company would renegotiate some contracts and postpone some projects due to the price fall.
"Companies expressed their interest for the Ras Tanura project, it is the same design and same scope of work," said one of the sources who declined to be identified.
Saudi Aramco invested $2.5 billion with its partner ExxonMobil to upgrade a refinery on the Red Sea coast of Saudi Arabia to produce cleaner fuels and is also upgrading its Riyadh refinery.
Its new and full-conversion refineries in Yanbu and Jubail also make cleaner fuels.
Bidding for construction in Ras Tanura is due to start in August, the source said, and ends in November with an award expected in March next year. Completion of the plant is due in October 2019.
On the Red Sea coast, Saudi Aramco plans with its partner in Rabigh Sumitomo Chemical in PetroRabigh to build a hydro-desulfurization unit and sulphur recovery unit as well as a new polyols plant which will have a capacity of 220,000 tons per year, industry sources said.
Contracts are likely to be awarded in the first quarter of 2016, one of the sources said.


Samsung poised to unveil new phones in bid to revive sales

Updated 27 min 11 sec ago
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Samsung poised to unveil new phones in bid to revive sales

  • The new model celebrates Samsung smartphones’ 10th anniversary
  • Samsung may give a preview of their foldable screen smartphone during the event

SAN FRANCISCO: Samsung is expected to show off its latest smartphones Wednesday, the latest effort by a phone maker to come up with new features compelling enough to end a sales slump.
The new models expected in San Francisco will commemorate the 10th anniversary of Samsung’s first smartphone.
Samsung is also expected to provide a glimpse at a highly anticipated smartphone with a foldable screen.
Apple touted the iPhone’s 10th-anniversary edition as a breakthrough when it was released in late 2017. But the iPhone X didn’t sell as well as analysts hoped, partly because it carried a $1,000 price tag.
Smartphones made in recent years also haven’t made dramatic improvements from earlier models. The lull in innovation has given consumers little incentive to dump their current devices and buy something new.