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‎Aramco, Total award contracts for $11 bln Amiral project

June 25, 2023
in Business
‎Aramco, Total award contracts for $11 bln Amiral project
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Aramco, Total award contracts for $11 bln Amiral project

Agreement signing ceremony

Saudi Aramco and TotalEnergies today 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. A signing ceremony took place in Dhahran attended by Amin Nasser, Aramco President and CEO, and Patrick Pouyanné, TotalEnergies Chairman and CEO.

The award of EPC contracts for main process units and associated utilities marks the start of construction work on the joint petrochemical expansion, following the final investment decision in December 2022, both companies said in a joint statement to Argaam.

The EPC contracts were awarded to:

Hyundai Engineering & Construction Co. Ltd — for a mixed feed cracker and utilities, with a nameplate capacity of 1,650 kta of ethylene and related industrial gases, and utilities, flares and interconnecting systems that support main packages within the facilities.

Maire Tecnimont — for two polyethylene units using Advanced Dual Loop technology, with a nameplate capacity of 500 kta each, and the derivative units.

Sinopec Engineering (Group) Saudi Co. Ltd — for Tank Farm and SATORP integration.

Gulf Consolidated Contractors Co. — for the transfer pipelines.

Mohammed Ali Al-Suwailem Trading and Contracting Co. – for industrial support facilities.

Mofarreh Marzouq Al Harbi and Partners Co. Ltd – for site preparation.

Mobarak M. AlSalomi and Partners for Cont. Co – for temporary construction facilities.

In December 2022, Saudi Aramco and TotalEnergies took the final investment decision for the construction of a petrochemical complex in Saudi Arabia, Argaam earlier reported.

The project involves an investment of around $11 billion, of which $4 billion will be funded through equity by Aramco (62.5%) and TotalEnergies (37.5%). Its construction is scheduled to begin during the first quarter of 2023 with commercial operation targeted to start in 2027.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1653488

Tags: ‎AramcobusinessTotal
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