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Aramco and TotalEnergies Sign Contract to Build a Petrochemical Complex in Saudi Arabia

Aramco and TotalEnergies Sign Contract to Build a Petrochemical Complex in Saudi Arabia

Aramco and TotalEnergies announced in a joint statement on Saturday that they have signed a contract worth $11 billion to begin the construction of a new petrochemical complex in Saudi Arabia. The statement said, "Saudi Aramco and TotalEnergies today announced the awarding of engineering, procurement, and construction contracts worth $11 billion at the Amiral complex, which is a future global-class petrochemical expansion facility at the SATORP refinery in the Kingdom."

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