Saudi Arabia

Técnicas Reunidas and Sinopec awarded two contracts by Saudi Aramco for more than 3.3 billion USD

Saudi Aramco, one of the world’s largest energy companies, has awarded a joint venture formed by the Spanish company Técnicas Reunidas and the Chinese Sinopec Engineering Group the development of new Natural Gas Liquids (NGL) fractionation facilities in Saudi Arabia. The works will be developed on the basis of two EPC (engineering, procurement and construction) contracts for the execution of Riyas NGL Fractionation Trains (Package 1) and Riyas NGL Common Facilities (Package 2), which includes utilities, storage and export facilities. Total investment arising from these two contracts amounts to more than 3.3 billion USD. Since the joint venture is 65% owned by Técnicas Reunidas and 35% by Sinopec Engineering Group, the Spanish company is entitled to more than 2.15 billion USD of this total amount.

The future of H₂: A regional outlook—Part 3: The Middle East and the US

Nations around the world are investing in new technologies and pathways to limit carbon emissions and adhere to ambitious net-zero goals. Part of this strategy includes the massive scale-up of H₂ production capacity, primarily green routes that use renewable energy for production. Part 1 of this work detailed current and future H2 demand, active H2 project numbers and capital spending globally in Africa, Asia and Canada. Part 2 focused on Western and Eastern Europe, Russia, the Commonwealth of Independent States, and Central and South America. This final article will examine major H2 developments in the Middle East and the US.

Samsung Engineering receives FEED contract for Saudi Petrochemical Project

Samsung Engineering, a world leading engineering solutions and project management company, announced today that it received the NoA(Notice of Award) for the FEED (Front End Engineering Design) contract of a PDH, PP, UTOS plant from Alujain National Industrial Co.(LNIC) in Saudi Arabia. The contract amount is USD 19.428 million and the FEED work is expected to be carried out in Samsung Engineering’s offices in Seoul, Korea until May 2024.

Award of Packages 1 & 4 for a Petrochemical Expansion at the SATORP Refinery in Jubail, Kingdom of Saudi Arabia

Hyundai Engineering & Construction Co., Ltd. (“HDEC”) has been awarded contracts for two EPC packages related to a petrochemical expansion at the SATORP refinery in Jubail, Saudi Arabia. Package 1 (Mixed Feed Cracker and Refinery Off Gases) involves installing a Mixed Feed Cracker (MFC) to produce an additional 1,650 KTA (kilo tons per annum) of ethylene and related industrial gases. Package 4 (Utilities, Flares & Interconnecting) relates to installation of facilities that supply utilities such as electricity and water to plants, and functions as interconnecting systems that support main packages within the facilities.

Saudi Aramco and TotalEnergies sign deals to build $11bn Amiral petrochemicals complex

Saudi Aramco and France's TotalEnergies have awarded contracts to build the $11 billion Amiral petrochemicals complex in the city of Jubail in the kingdom's Eastern Province. The awarding of the engineering, procurement and construction contracts for main processing units and associated utilities marks the start of construction work on the major project, following the final investment decision made in December 2022, the companies said on Saturday.

Petrojet Has Signed an EPC Contract with Luberef for Production Facility in Yanbu in KSA

Petrojet - the executive arm for the Egyptian Petroleum Ministry- has signed an EPC contract with LUBREF ( Saudi Aramco Base Oil Company ) for carrying out the second phase of development named Growth - 2 Expansion Project, the agreement seeks to raise the Yanbu Facility’s base oil production capacity to approximately 1.3 million metric tons per year in 2025. Additionally, the contract will further enable Luberef to flexibly produce Group-II and Group-III base oils based on market demands.

Aramco, Sinopec and SABIC expand refining and petrochemical cooperation

The Saudi Arabian Oil Company (“Aramco” or “the Company”), one of the world’s leading integrated energy and chemicals companies, China Petroleum and Chemical Corporation (“Sinopec”) and SABIC, are exploring collaboration across refining and petrochemical projects in China and Saudi Arabia.

Aramco and TotalEnergies to build a giant petrochemical complex in Saudi Arabia

The Saudi Arabian Oil Company (“Aramco”) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast. The investment decision is subject to customary closing conditions and approvals.