After 90 years in Saudi Arabia, ExxonMobil remains one of the largest foreign investors in the Kingdom and also one of the largest private sector purchasers of Saudi Aramco crude oil. Through our joint venture (JV) interests, we have participated in the petroleum refining and petrochemicals manufacturing industries in the Kingdom for over 35 years. Our joint ventures include:
- Kemya - Al-Jubail Petrochemical Company, a chemicals JV with SABIC
- SAMREF - Saudi Aramco Mobil Refinery Company Ltd., a refining JV with Saudi Aramco
- Yanpet - Saudi Yanbu Petrochemical Company, a chemicals JV with SABIC
All three joint ventures are world scale facilities that are globally competitive producing high quality products. Additionally, they have consistently achieved outstanding results in workplace safety, health and environmental performance, while offering world-class training, development and rewarding employment opportunities for thousands of Saudis.
The success of these partnerships has led to continued growth with our Saudi partners outside the Kingdom, an example of which is the ExxonMobil-Saudi Aramco partnership with Sinopec and Fujian Province to build the first integrated Sino-foreign petroleum refining, chemical and marketing operation in China. ExxonMobil and Saudi Aramco each have a 25 % share in the joint venture. In the US, as part of the Gulf Coast Growth Ventures, ExxonMobil and SABIC are planning the construction of a petrochemical complex which would include an ethane steam cracker capable of producing 1.8 million tons of ethylene per year, a monoethylene glycol unit and two polyethylene units.
ExxonMobil is committed to strengthening these longstanding business relationships as we move forward in the pursuit of additional high quality, internationally competitive investment opportunities in the Kingdom and elsewhere.