2023-06-24 10:21:00
Aramco and Total sign an $11 billion contract to build a petrochemical complex in Saudi Arabia.
Aramco
Awarding engineering, procurement and construction contracts for the Amiral complex
Dubai – Al Arabiya.net
Posted on: June 24, 2023: 02:21 PM GST Last updated: June 24, 2023: 04:11 PM GST
Aramco and Total Energies said in a joint statement today, Saturday, that they have signed a $11 billion contract to start building a new petrochemical complex in Saudi Arabia.
Aramco stated in a statement, today, Saturday, that the award of engineering, procurement and construction contracts for the main processing units and associated facilities represents the beginning of construction work in the joint petrochemical expansion, following the final investment decision in December 2022.
The Amiral complex will be owned and operated and integrated with the Saudi Aramco Total Refining and Petrochemical Company (SATORP) refinery in Jubail on the eastern coast of the Kingdom.
This expansion is expected to attract more than $4 billion in additional investments in a variety of industrial sectors, including: carbon fibers, lubricating oils, drilling fluids, detergents, food additives, auto parts and tires. 7,000 direct and indirect local jobs.
Commenting on this, the President and Chief Executive Officer of Saudi Aramco, Amin bin Hassan Al-Nasser, said: “Today we take a big step forward in strengthening the partnership between Total and Aramco, as this expansion project in SATORP is the latest in a long history of cooperation for nearly half a century between the two companies.”
Al-Nasser added: “As it is known, the SATORP complex in Jubail Industrial City has proven over the past years to be among the best in the Middle East in terms of operational, commercial and environmental performance. As part of Saudi Aramco’s growth strategy, the new Amiral project is expected to build on the strengths that It is enjoyed by the SATORP complex and contributes significantly to adding value to the refining, chemicals and marketing system in the Kingdom and the world, especially the goal of converting liquids into chemicals, and it will also contribute to the development of the industrial system in the Kingdom in line with Vision 2030.”
The engineering, procurement and construction contracts were awarded to: Hyundai Engineering & Construction Co., Ltd. – for the construction of a mixed feed cracker and utilities, with a capacity of 1.65 Mtpa of ethylene, related industrial gases, utilities, flares and connected systems that support the main packages within Facilities, and (Mir Technimont) Company – for the construction of two polyethylene units using advanced double-ring technology, with a capacity of 500 kilotons per unit, in addition to the construction of derivatives units, and Sinopec Engineering (Group) Saudi Arabia Limited – for storage tank works and integration with “SATORP” .
It also awarded the Gulf Consolidated Contractors Company for the construction of transport pipelines, Muhammad Ali Al-Suwailem Trading and Contracting Company – for industrial support facilities, Mufreh Marzouq Al-Harbi and Partners Limited Company – for preparing the site, in addition to Mubarak Mari Al-Salumi and Partners Contracting Company – for temporary construction facilities.
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