ExxonMobil Saudi Arabia Timeline

history

1927 – Socony, later Socony-Vacuum then Mobil, begins marketing petroleum products in the Hijaz Region.

1948 – Standard Oil of New Jersey (Esso and later Exxon), and Socony Vacuum (later Mobil) become partners in Aramco.

1976 – Mobil and Aramco establish Saudi Aramco Lubricating Oil Refining Co. (LUBEREF) as a joint venture. ExxonMobil shares were subsequently sold to Jadwa Investment, a Saudi closed joint stock company, in 2007.

1981 – Mobil and Saudi Aramco build the East-West Pipeline (Petroline) linking the Eastern Province fields with Yanbu on the Red Sea.

1984 – SAMREF refinery begins operations in Yanbu. It is equally-owned by Saudi Aramco and Mobil Yanbu Refining Company Inc. (a subsidiary of Exxon Mobil Corporation).

1984 – KEMYA starts up as Saudi Arabia’s first polyethylene producer, and has since become a world scale integrated polyethylene site. KEMYA is equally-owned by Exxon Chemical Arabia Inc. (a subsidiary of Exxon Mobil Corporation) and SABIC.

1985 – Yanbu Petrochemical Company (YANPET) plant at Yanbu, Saudi Arabia begins operation; YANPET is equally-owned by Mobil Yanbu Petrochemical Company Inc. (a subsidiary of Exxon Mobil Corporation) and SABIC.

2011 – Construction on the multi-billion dollar Clean Fuels Project (CFP) commences at SAMREF in Yanbu. The project seeks to reduce the sulfur levels in gasoline and diesel by more than 98%, meeting stringent global quality standards.

2011 – Higher Institute for Elastomer Industries (HIEI), a vocational training center, set up in Yanbu to train Saudis in new skills required for the Kingdom’s developing elastomers conversion industry. HIEI employs Saudi instructors to deliver an innovative elastomers education curriculum developed in collaboration with the University of Akron Research Foundation in Ohio, US.

2012 – Construction of the Saudi Elastomers Project (SEP) commences at KEMYA. The synthetic rubber produced by this project will support Saudi Arabia’s economic diversification and national job program and reflects ExxonMobil’s commitment to promoting growth, innovation and job creation in Saudi Arabia’s downstream industries.