Salim Shahin named CEO of Saudi Aramco-Total Joint Venture 2 Dhahran

These agreements were regarded as a significant step for initiating
the construction works of a world class refinery, based in Madinat
al-Jubail al-Sina‘iyah (Jubail Industrial City) in the Eastern
Province of Saudi Arabia, with a refining capacity of 400,000 BPD.

The refinery, scheduled to go on stream by the end of 2012, will
process heavy crude oil and convert it into high quality refined
products that meet the highest international specifications. Products
will include diesel fuel, aircraft fuel, gasoline as well as
petrochemical products such as parazelene, aromatic gasoline and
propylene. Saudi Aramco and Total will share the marketing of the
refinery products.

This important project will allow further expansion and
diversification of Saudi Arabia’s refining and petrochemical industry
infrastructure and creation of more employment opportunities within
the Kingdom.

Jubail Industrial City was selected as the site of the refinery due
to its proximity to the heavy crude oil supply system and other vital
facilities such as King Fahd Industrial Port, the desalination and
power plants and the residential area.