Tubayyeb highlighted Saudi Aramco's growth plans into domestic and international categories. Domestically, he noted the company's involvement with Sumitomo Chemical in the PetroRabigh joint venture, which is upgrading Saudi Aramco's 400,000 bpd refinery and integrating it into a world-class petrochemicals complex. Similarly, Saudi Aramco recently signed a memorandum of understanding with the Dow Chemical Company to develop an integrated refining and petrochemical complex in Ras Tanura, taking advantage of Saudi Aramco's nearby Ras Tanura Refinery and Ju'aymah Gas Plant. Both projects will create environments conducive to conversion industries nearby. On top of those domestic partnerships, Saudi Aramco also is working with ConocoPhillips and Total to build two export refineries to handle heavy, sour crude. Turning to its international portfolio, Al-Tubayyeb pointed to a litany of planned projects by joint ventures in which Saudi Aramco has an interest: In Korea, S-Oil is planning additional petrochemical capacity. In the Philippines, a Petron expansion will include propylene and some additional BTX production. In the U.S., Motiva's expansion of its Port Arthur refinery will make it the largest in the U.S. A recently-formed joint venture with Sinopec, ExxonMobil and Fujian Province will expand and upgrade an existing refinery and add petrochemicals production. --MORE
