Saudi Arabian Oil Company (Aramco) and TotalEnergies will join forces to build a new petrochemicals complex in Saudi Arabia, the French energy group said on Thursday.
will join forces to build a new petrochemicals complex in Saudi Arabia, the French energy group said on Thursday.
The project involves investment of about $11 billion, of which $4 billion will be funded through equity by Aramco and TotalEnergies , the statement said. The investment decision is subject to closing conditions and approvals, with construction scheduled to begin in the first quarter of 2023 and commercial operation targeted for 2027.
The planned Amiral complex, integrated with the existing Saudi Arabia Total Refining and Petrochemical refinery located in Jubail on Saudi Arabia’s eastern coast, will be owned and operated by Aramco and TotalEnergies.The petrochemicals facility will enable SATORP to convert its refinery off-gases and naphtha, as well as ethane and natural gasoline supplied by Aramco, into higher-value chemicals.
The complex will eventually provide feedstock to other petrochemicals and speciality chemical plants in the Jubail industrial area, requiring an estimated $4 billion of additional investment.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Vince McMahon’s alleged rape victim wants ex-WWE boss to pay $11.75M: reportRita Chatterton, who made history as the first-ever female referee for the WWE, first broke her silence about the alleged rape back in 1992.
Consulte Mais informação »
LIV Golf Accuses PGA Tour of Secretly Coordinating Attacks on It by 9/11 Victim GroupsIn a court filing, the Saudi-funded golf league says its rival is behind attacks that claimed the upstart league was a mechanism for whitewashing Saudi Arabia’s reputation.
Consulte Mais informação »
Former Twitter employee sentenced to more than three years in prison for spying for Saudi ArabiaA former Twitter employee found guilty of spying on users on behalf of the Saudi royal family has been sentenced to three and a half years in prison.
Consulte Mais informação »
Ex-Twitter employee receives over three years in prison for spying for Saudi ArabiaHe attempted to look up info on two Twitter users.
Consulte Mais informação »
Ex-Twitter worker sentenced after spying for Saudi Arabia: reportAn ex-Twitter employee was sentenced to 3.5 years in prison after spying for Saudi Arabia and handing over user info
Consulte Mais informação »