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Saudi Arabian oil giant Aramco and French multinational TotalEnergies, both key players in the global energy sector, have initiated the expansion of a petrochemical facility in Saudi Arabia, marking a significant milestone in their partnership. Aramco, known for its vast oil reserves and production, and TotalEnergies, with its diverse operations across the oil and gas chain, are collaborating on this ambitious project.
The companies have awarded engineering, procurement, and construction (EPC) contracts for the Amiral complex, a future world-scale petrochemical facility at the SATORP refinery. The project, worth $11 billion, is set to create the largest mixed-load steam cracker in the Gulf.ijhui
The expansion, integrated with the existing SATORP refinery in Jubail, will have the capacity to produce 1.65 million tons per year of ethylene and other industrial gases. The project is expected to attract over $4 billion in additional investment across various industrial sectors, including carbon fibers, lubes, drilling fluids, detergents, food additives, automotive parts, and tires. It is also projected to create around 7000 direct and indirect jobs in the country.
The EPC contracts have been awarded to several companies, including Hyundai Engineering & Construction Co. Ltd, Maire Tecnimont, Sinopec Engineering Group Saudi Co. Ltd, Gulf Consolidated Contractors Co., Mohammed Ali Al-Suwailem Trading and Contracting Co., Mofarreh Marzouq Al Harbi and Partners Co. Ltd, and Mobarak M. AlSalomi and Partners for Cont. Co.
The project is a significant step in Aramco's growth strategy and is expected to contribute to value-addition opportunities in the Kingdom's downstream ecosystem. The expansion also reinforces the strong relationship between TotalEnergies and Aramco, marking a new chapter in their decades-long collaboration in the Kingdom of Saudi Arabia.