Saudi Aramco in talks with prospective buyers for paraxylene and benzene from Jubail

Saudi Aramco is in talks with prospective customers to sell paraxylene and benzene cargoes from its 400,000 bpd refinery in Jubail Industrial City in late 2013 or early 2014, as per Platts. Saudi Aramco and Total are building a refinery in Jubail Industrial City 2 to produce gasoline, low-sulfur diesel and naphtha. The project will also process heavy crude to produce 700,000 tpa paraxylene, 140,000 tpa benzene and 200,000 tpa polymer grade propylene. Aramco and Total will each have a claim over 50% of the output. Saudi Aramco is looking to sell 25,000-100,000 tons of cargoes of paraxylene and benzene under long-term contracts.
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