Trump and Zelenskyy clash in heated White House meeting    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Saudi Arabia rejects illegitimate actions in Sudan, warns against parallel government formation    Saudi Arabia welcomes PKK dissolution call, reaffirms solidarity with Turkey    Mass protests paralyze Greece on second anniversary of deadly train crash    SFDA warns against Maragatty chicken broth for containing banned colorants    Jennifer Lopez returns to Saudi Arabia to headline Formula 1 Grand Prix in Jeddah    Saudi Arabia announces Saturday as first day of Ramadan    Volcano owners' conviction over deadly eruption thrown out    Nazaha investigates 370 individuals, arrests 131 in corruption crackdown    No cars, no limits: NEOM reveals how life will unfold in The LINE    Saudi Center for Commercial Arbitration reconstitutes Board of Directors for fourth term    Red Sea Global introduces sustainable aviation fuel to Saudi Arabia    Riyadh Metro to run until 2 AM, buses until 3 AM during Ramadan    Makkah Halal Forum concludes, reinforcing Saudi Arabia's role in the global halal industry    Hollywood legend Gene Hackman and wife found dead at their home    Indian man awarded damages over length of commercials before movie screening    Abdullah Kamel: We want Makkah to be a source of knowledge dissemination for halal industries and services "Volume of global halal market expected to reach $10 trillion by 2030"    Al-Khaleej stuns Al-Ittihad with stoppage-time equalizer in Saudi Pro League    Marcelo Carne's outburst: A moment of madness that could cost him his season    Toney strikes twice as Al-Ahli thrashes Al-Qadsiah to close in on top four    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    









Saudi Arabia doubles tanker charters to US
Published in The Saudi Gazette on 09 - 10 - 2012

DAMMAM — Saudi Arabian Oil Co. doubled the number of crude tankers booked to ship oil to the Gulf of Mexico this month as two people familiar with its US refinery operations said a damaged crude unit may restart in December.
The tanker charters were arranged by Saudi Arabian Oil's Vela International Marine Ltd. unit. However, as of press time, company officials could not be reached for comments.
The company's shipping unit booked eight very large crude carriers to load about 16 million barrels in October, compared with four ships a month so far this year, according to data from Athens-based Optima Shipbrokers Ltd.
Motiva Enterprises LLC will open the 325,000 barrels-a-day unit as early as the first week of December, industry insiders said.
The 600,000 barrels-a-day refinery in Port Arthur, Texas, halted the unit in June following contamination that caused cracks in stainless steel pipes. Repairs may be completed this month and testing will take place in November, said the people, declining to be identified because they aren't authorized to speak for the refinery.
Motiva said July 19 it expected to restart the unit early in 2013. The crude unit began operating in May as part of a $10 billion expansion that pushed the refinery's crude capacity to almost 600,000 barrels a day, making it the largest in the US.
A one-way journey to the US Gulf from Saudi Arabia takes about 40 days to complete, according to Optima. That implies the cargoes will probably be discharged in the second or third week of December.
VLCCs hauling Middle East crude to refineries in the Gulf of Mexico are losing $22,840 a day, according to data from the London-based Baltic Exchange. – SG/Agencies


Clic here to read the story from its source.