Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture established by the two companies under an agreement signed in June 2008. Saudi Aramco owns 62.5% in SATORP while the remaining 37.5% is owned by Total.
Saudi Aramco Total Refining and Petrochemical Company, a refinery and petrochemical complex, processes Arabian heavy crude oil. It produces liquefied petroleum gas, benzene, paraxylene, gasoline, jet fuel, diesel, propylene, coke, and sulfur. The company was founded in 2008 and is based in Al-Jubail, Saudi Arabia. Saudi Aramco Total Refining and Petrochemical Company operates as a subsidiary of Saudi Arabian Oil Company.
