March 8, 2011 / 11:24 PM / 8 years ago

CERAWEEK-UPDATE 1-Saudi Jizan refinery ready in 2015 -exec

* Saudi Aramco managing three major refining projects

* Each prjoect to result in 400,000-bpd refinery (Adds further comments from Buainain, background paragraphs 4-6)

HOUSTON, March 8 (Reuters) - Saudi Aramco’s Jizan refinery will be finished in 2015 rather than 2014 as previously announced, the company’s downstream operations chief said Tuesday.

Khalid al Buainain, senior vice president for downstream for Saudi Aramco, was asked whether the 400,000 barrel per day (bpd) facility now under construction would be completed in 2014 as previously announced.

“I would say ‘15,” he said.

Buainain said the change in completion date was due to Aramaco’s management of three major major refining projects.

We have Jubail in ‘13,” he said on the sidelines of the IHS CERA CERAWeek conference. “We have Yanbu in ‘14.

Each of the three refineries is slated to have a 400,000 bpd when the projects are complete.

Reporting by Erwin Seba; Editing by David Gregorio

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