JEDDAH — Yanbu Aramco Sinopec Refining Company’s (Yasreef) 400,000 barrels per day (bpd) refinery, a joint Saudi Aramco and Sinopec venture, is expected to be working by November 2014, CEO Fahad Al-Helal said Monday.

“The refinery will come onstream October-November 2014 ... on schedule,” he said on the sidelines of an industry conference in Manama. The cost will be less than $10 billion, Helal said.

It will process heavy crude from Manifa oilfield, which is currently under development to reach an output of 900,000 bpd by 2014. The refinery will produce 3,000 bpd of benzene, 263,000 bpd of diesel, 90,000 bpd of gasoline, 6,200 tons/day of pet coke and around 1,200 tons/day of sulfur. — Reuters