Saudi Aramco, Total Energies sign deal to build petrochemicals complex

On Jun 25, 2023

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.

“Aramco and TotalEnergies 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.

Reuters/Hauwa Abu