Hasa, Saudi Arabia, Dec 23, SPA -- The Saudi Aramco Mobil Oil Refinery Company's (Samref's) Board of Directors held its 64th meeting recently and approved the company's operating and strategic plans for 2007. During the meeting, the Board members expressed their pleasure with the performance of the company for 2006 in terms of safety and profitability. Abdulrahman F. Al-Wuhaib, chairman of the board and Saudi Aramco's vice president of Information Technology, commended Samref management on its performance and requested that the company continue to improve reliability and increase profitability. Al-Wuhaib directed the company to focus on meeting the new product specifications and environmental concerns. Fawwaz I. Nawwab, Samref president and CEO, presented the company's operating and strategic plans for 2007 as well as the capital programs, which were approved by the Board of Directors. The Yanbu'-based Samref, 50 percent owned by Saudi Aramco and 50 percent by ExxonMobil, is the main supplier of gasoline in western Saudi Arabia. The refinery began operations in 1984 with a capacity of 263,000 barrels per day (bpd) and gradually upgraded to 400,000 bpd of Arabian Light crude.
