Skip to main content

About Yasref

Yasref Overview 

The Yanbu Aramco Sinopec Refining Company (Yasref) Ltd., a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec), is a world-class, full-conversion refinery that covers about 5.2 million square meters in the Yanbu Industrial City, and is the key anchor project in Yanbu. Yasref uses 400,000 barrels per day (bpd) of Arabian heavy crude oil to produce premium transportation fuels, as well as high-value refined products for both international and domestic markets.

Yasref is a significant addition to the impressive downstream portfolio of Saudi Aramco, while building on and cementing the strategic partnership with Sinopec, Saudi Aramco’s largest crude oil partner and buyer. Both companies bring commercial and technical expertise to the joint venture to enhance trade of transportation fuels between a significant energy producer and its consumer.

In addition, Yasref represents a continuing step forward in the strategies of Saudi Aramco and Sinopec to drive growth further downstream to capture additional value along the hydrocarbon chain.

Our Products:
  • 286,000 BPD of Diesel
  • 108,000 BPD of Gasoline
  • 7,000 BPD of Propane
  • 1,900 BPD of Benzene
  • 16,000 BPD of Butane
  • 6,300 TPD of Petroleum Coke
  • 1,200 TPD of Pelletized Sulfur

Yasref uses 400,000 barrels per day (bpd) of Arabian heavy crude oil to produce premium transportation fuels.

Our Products

Diesel

286,000 BPD

Gasoline

108,000 BPD

Propane

7,000 BPD

Benzene

1,900 BPD

Butane

16,000 BPD

Petroleum Coke

6,300 TPD

Pelletized Sulfur

1,200 TPD

Saad H. Binmatlig

President & CEO

President's Message

An honor to be part of the Yasref family and this world class full-conversion refinery that is now a global refining landmark. It has been a long journey for our employees and contractors who have worked tirelessly to build this truly remarkable company. Our collective work is paying off for our employees, shareholders, the community of Yanbu and the Kingdom of Saudi Arabia.

Yasref contributes to the Kingdom's vision of building state-of-the-art refineries to reliably supply the globe with high quality, clean refined products and fuels. Yasref also fits well within the strategies of our parent companies, Saudi Aramco and Sinopec, to efficiently cater to meeting demand in their respective domestic markets and capture additional value along the hydrocarbon chain. Our aim is to continue to be a pioneering Saudi enterprise with a global presence, through an unwavering commitment towards our people, stakeholders, community and the environment. Our passion to deliver feeds from our vision and mission statements and is pillared by our five values of safety, commitment, collaboration, integrity and excellence that regulate our daily lives both on and off the job.

Yasref is a key anchor project in Yanbu and is providing highly skilled career opportunities to Saudis. We have put together a tremendous facility and I am confident that our scope will further grow and expand vertically and horizontally and our products will be diversified in order to boost local economic development. We will continue to ensure a secure supply of quality products at competitive pricing to businesses, investors and consumers.

We, at Yasref, believe success is fastened around our employees and, therefore, our biggest investment continues to be in our people. Through training and focused development programs, we are committed to cultivating a generation that will lead the company to achieve and sustain its vision and mission.

Additionally, our focus remains on the safety of our employees and contractors as well as their dependents. Going beyond our fences, we believe in nurturing a safe community that is engaged and content. We have established multiple initiatives and programs, from road safety, health awareness and social responsibility, to ensuring no industrial residue or release harms our environment.

Yasref, we are a global refining landmark that will always deliver!

Vision

To be a top quartile integrated refining and petrochemical company supporting shareholders global business.

Mission

To provide quality products across the hydrocarbon chain safely, reliably, efficiently and environmentally friendly while maximizing stakeholders value through operational excellence, technology and human capital.

Board & Leadership Members

Board Of Director Members

Yasser M. Muffti

Chairman of the Board

Tian Hongbin

Vice Chairman of the Board

Abdullah S. Alsuwailem

Board Director

Muhammad A. Al-Arfaj

Board Director

Lian Mingxiang

Board Director

Cao Dongxue

Board Director

Faisal M. Al-Faqeer

Board Director

Bingbing Chang

Board Director

Leadership & Management Members

Saad H. Binmatlig

President & CEO

Ning Li

VP, Finance & SCD

Ibrahim Al-Swairhi

VP, Manufacturing

Nasir Al-Ajmi

VP, Industrial Relations

Li Tao

VP, Engineering

Huaimin Hu

GM, Corporate Planning

Majed A. Osais

GM, HSSE

Jamaan S. Al-Zahrani

General Auditor

Shareholders

  • Founded in 1933, Saudi Aramco has long served as the engine of the Saudi economy, producing the oil that fuels the world. Today, the region’s largest company continues to expand, making enormous contributions to Saudi Arabia’s prosperity.

    - Saudi Aramco -

  • China Petroleum & Chemical Corporation (Sinopec Group) is one of the largest and major suppliers of energy and petrochemical products in China. It has integrated upstream, midstream and downstream operations strong oil & petrochemical core businesses and a complete marketing network.

    - Sinopec Group -

Shareholders

Aramco

Founded in 1933, Saudi Aramco has long served as the engine of the Saudi economy, producing the oil that fuels the world. Today, the region’s largest company continues to expand, making enormous contributions to Saudi Arabia’s prosperity.

Sinopec

China Petroleum & Chemical Corporation (Sinopec Group) is one of the largest and major suppliers of energy and petrochemical products in China. It has integrated upstream, midstream and downstream operations strong oil & petrochemical core businesses and a complete marketing network.