Saudi Aramco, Total sign agreement for giant petrochemicals complex in Jubail

Aramco and Total have signed the agreement in Dhahran to build the world-class complex announced last April. (SPA)
Updated 14 October 2018
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Saudi Aramco, Total sign agreement for giant petrochemicals complex in Jubail

  • Aramco and Total have signed the agreement in Dhahran to build the world-class complex
  • The project represents an investment of approximately $5 billion and is scheduled to start operating in 2024

JEDDAH: Saudi Aramco and Total signed on Monday a joint development agreement for a giant petrochemical complex in the Kingdom’s Jubail Industrial City.

President and CEO of Saudi Aramco, Amin H. Nasser, and the CEO of Total, Jean Pouyanné, have signed the agreement in Dhahran to build the world-class complex announced last April.

The site will be located next to the cutting edge SATORP refinery and will be joint operated by Saudi Aramco and Total.

It will comprise a mixed-feed cracker – the first in the Arabian Gulf to be integrated with a refinery – with a capacity of 1.5 million tons per year of ethylene and related high-added-value petrochemical units.

The project represents an investment of approximately $5 billion and is scheduled to start operating in 2024.

The project will also provide feedstock for other petrochemical and specialty chemical plants located in the Jubail industrial area and beyond, representing an additional $4 billion investment by third party investors, benefitting the Saudi economy.

Overall, the complex represents an investment of approximately $9 billion and is expected to create 8,000 local direct and indirect jobs.

“The petrochemicals sector has been undergoing significant growth globally and is one of the future growth engines,” Aramco CEO Nasser said.

“SATORP’s second-phase expansion represents a significant value addition in Saudi Aramco’s downstream strategy to maximize the full value of our vast resources portfolio and position the Kingdom as a chemicals manufacturing and exports hub, supporting economic growth and diversification as part of Vision 2030.”

Total CEO Pouyanné said: “We are delighted to write a new page of our joint history by launching a new giant project, building on the successful development of SATORP, our biggest and most efficient refinery in the world.”

Saudi Aramco and Total signed a memorandum of understanding (MoU) in April.


Air France to keep flying to Cairo

Updated 21 July 2019
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Air France to keep flying to Cairo

  • British Airways, a unit of IAG said on Saturday it was suspending flights to Cairo for seven days “as a precaution”
  • Germany’s Lufthansa later said it had canceled its flights to Cairo from Munich and Frankfurt and would resume its connection on Sunday

PARIS: Air France is maintaining its flights to Cairo, a spokesman for the airline said on Sunday, following the decision by rivals British Airways and Lufthansa to suspend flights to Egypt’s capital over security concerns.
British Airways, a unit of IAG said on Saturday it was suspending flights to Cairo for seven days “as a precaution” as it reviews the security of the airport in Cairo.
Germany’s Lufthansa later said it had canceled its flights to Cairo from Munich and Frankfurt and would resume its connection on Sunday.
“In liaison with the French authorities and the local authorities in Egypt, Air France has decided to maintain its service to Cairo,” Air France’s spokesman said in a written statement sent to Reuters.