Jazan's $6bn refinery to take four years- minister
Contractors for 400,000 bopd facility were appointed in October 2012
The new $6bn Jazan refinery project on Saudi Arabia's Red Sea coast is set to complete within the next four years, according to the Kingdom's oil minister Ali al-Naimi, suggesting that the timetable for completion of the refinery has slipped back.
In a speech published by the Saudi Press Agency earlier this week, Naimi said: "We are now working on building a huge industrial project in the Jazan region that will include an advanced refinery, which will be completed within four years."
Contracts for the project, which will refine up to 400,000 barrels of oil per day, were signed in October last year with a raft of contractors including Petrofac, Hyundai Arabia, Tecnicas Reunidas, Hanwha Engineering, Hitachi Plant Tecnhnologies and JGC Corp.
At the time of the announcement Saudi Aramco said the work was due to finish in late 2016.
The Jazan refinery is one of three huge new refineries being built in the Kingdom. The SATORP refinery in Jubail is set to be the first of these to begin full commercial production early next year.