12/12/2013
A strong indicator of the growing self-sufficiency for Saudi Arabia
«Exxon Mobil» put gas shipments from the refinery in Saudi Arabia in 2014
Sources in the bunker trade today said that ExxonMobil Corp had shipments of gas oil in a rare bid to supply fixed-term joint refinery with Saudi Aramco and a new sign of the growing self-sufficiency of Saudi oil.
Reuters reported for traffickers to gas oil which is produced by the ' Saudi Aramco refinery company ' Mobil (Samref) a joint venture between ExxonMobil and Saudi Aramco ' sold usually in Saudi Arabia and sometimes export shipments are sold in the spot market. But ExxonMobil, up to six million barrels of oil and gas by 500 ppm sulfur in a rare tender for fixed-term contracts for next year, the company introduced between 11 and 12 per size shipment of 300,000 or 500,000 barrels of gas oil for download from Yanbu in Saudi Arabia from January to December of next year, and the door tender closes on 12 December that the offers are valid until 20. A trader based in Singapore ' never seen them ask only online bids, but they offer fixed-term contracts for high sulphur gas oil. Shipments are always available, but they usually keep to themselves.
While another trader said that the refinery was put gas oil shipments by those same standards for export on a regular basis, but stopped before three to four years because of the growth of domestic demand. Saudi Arabia lacked sufficient quantities of petrol and gas oil, economic activity, which is funded by oil revenues and population growth to rising domestic demand at an accelerated pace and especially while increasing electricity production in the summer months from May to August. Official data showed that Saudi Arabia imported a record amount of oil gas in July increased to 10 million barrels compared to about seven to nine million barrels in the same month in previous years. Traders said that shipments of fixed-term contracts of refinery stems may be caused by the emergence of new refining capacity in Saudi Arabia is expected to reduce the country's dependence on fuel imports.
The ' Saudi Aramco began to export petroleum products from Saudi Aramco total refinery for refining and petrochemical (satorp) in Jubail from the second half of this year, the refinery is expected to reduce dependence on oil imports. An informed source said that ' Saudi Aramco for trade ' and is the commercial arm for the ' Aramco ' may not be imported gas oil fixed next year, according to dealers, this may alter trade patterns in the region and put pressure on margins for gas oil.
