Saudi Aramco has signed a set of joint agreements with the Egyptian petroleum sector, within the framework of the executive procedures for the construction stages of the petrochemical complex in the Suez Canal axis area of the Red Sea National Petrochemical Company.
This came during the activities of the second day of the Fifth Egypt International Petroleum Conference and Exhibition (EGYPS 2022).
The signed agreements and contracts include many key areas to expedite the implementation of this giant complex, foremost of which is the Principles Agreement for the Supply of Crude with the Company. Saudi Aramco Trading.
Aramco is the first company in the world in the field of crude supply, which will secure the needs of the Red Sea Company of Arab very light crude due to its quality and suitability for the design of the petrochemical complex and the long experience, long experience and commitment of Aramco.
The cooperation between the petroleum sector and Saudi Aramco is the culmination and extension of the well-established historical relations between Egypt and the Kingdom, which establish more successful partnerships in the oil and gas sector.