Yanbu Aramco Sinopec Refining Company (YASREF) Ltd.

Yanbu Aramco Sinopec Refining Company Ltd. (YASREF) is a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec). The company operates a world-class, full-conversion refinery in the Yanbu Industrial City. YASREF's strategic partnership with Sinopec, Saudi Aramco's largest crude oil partner and buyer, contributes to the enhancement of trade in transportation fuels. The company uses 400,000 barrels per day (bpd) of Arabian heavy crude oil to produce premium transportation fuels and high-value refined products for international and domestic markets. Established in 2012, YASREF has a prime location advantage for effectively supplying both international and domestic markets. Its product range includes 90,000 bpd of gasoline, 263,000 bpd of ultra-low sulfur diesel, 6,200 metric tons per day (mtd) of petcoke, 1,200 (mtd) of sulfur, and 140,000 tons per year of benzene. The company's refinery represents a significant step forward in the downstream strategies of Saudi Aramco and Sinopec to capture additional value along the hydrocarbon chain. The refinery, operational since Q3 2014, signifies an important addition to Saudi Aramco's downstream portfolio. YASREF's future plans may include the production of Paraxylene and products to support downstream industries. Overall, YASREF's joint venture with Sinopec showcases the alignment of commercial and technical expertise to drive growth in the energy and oil industries in both international and domestic markets.