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Yasref refinery throughputs rise to capacity

Oil

The Yasref refinery, a joint venture between Saudi Arabian Oil Company and China Petroleum & Chemical Corporation, is now processing crude oil at its full capacity of 400K b/d amid improving refining margins for the facility, Bloomberg reports. The facility on Saudi Arabia's Red Sea coast reached its output limit in July but runs were pressured by a dip in refining margins in August. The refinery currently produces 265K b/d of low-sulphur diesel and 91K b/d of 91-octane and 95-octane gasoline, with the exports being directed primarily at Europe (the main market for diesel output), Asia and Egypt.