Considered among the most technologically advanced in the world, these refineries have an output of eight million barrels per day of petroleum products, most for export.
The Kingdom continues to invest in its refineries. In May 2005, Saudi Aramco announced plans for a new refinery in Yanbu with an anticipated capacity of 400,000 barrels per day of petroleum products. Plans are also underway for a new refinery at Jubail that is also expected to have a capacity of 400,000 barrels per day.
Saudi Arabia has entered downstream operations in other countries, including South Korea, the Philippines, Greece, India, and China. Motiva – a joint venture between Shell Oil Company and Saudi Refining Inc. – refines, distributes, and markets oil products in the United States.