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Aramco, TotalEnergies sign $11bn contract to build petrochemicals complex in Saudi Arabia

Published June 24, 2023 Updated June 24, 2023 03:15pm
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By Reuters
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Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, the two companies said in a joint statement on Saturday.

“Aramco and TotalEnergies today awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion “Amiral” complex, a future world-scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia,” the statement read.

Saudi Aramco to supply full oil volumes to some Asian refiners in July

aramco Saudi Arabia MENA TotalEnergies

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