Saudi Aramco, TotalEnergies award contracts for $11bln Amiral

Saudi Aramco, TotalEnergies award contracts for $11bln Amiral

Riyadh – Saudi Arabian Oil Company (Aramco) and TotalEnergies recently awarded contracts for the Amiral complex, which is a $11 billion future world-scale petrochemicals facility expansion at the listed firm’s unit Saudi Aramco Total Refining and Petrochemical Company (SATORP) refinery in Saudi Arabia. The expansion will likely attract over $4 billion in additional investment in a variety of industrial sectors such as carbon fibers, lubes, drilling fluids, detergents, food additives, automotive parts, and tires. Furthermore Amiral complex would create nearly 7,000 local direct and indirect jobs, according to a press release. The award of engineering, procurement, and construction (EPC) contracts for main process units and associated utilities is considered the start of construction work on the joint petrochemical expansion, which comes after the final investment decision that was announced in December 2022. The new complex is integrated with the existing SATORP refinery in Jubail with an objective to house one of the largest mixed-load steam crackers in the Gulf area. It will be offering a capacity to produce 1,650 kilotonnes per annum (kta) of ethylene and other industrial gases. Aramco President and CEO, Amin Nasser, said: “As part of Aramco’s growth strategy, the project is anticipated to contribute to value-addition