stated both Saudi Arabian Oil Company, Saudi Aramco and Total Energies said on Thursday that they have made the final investment decision to set up a petrochemical complex. Globally in the Kingdom, with investments of 11 billion dollars.
This is consistent with the company’s strategy to increase gas, integrated refining and petrochemicals capacity and reduce emissions.
He added that the new global complex will be at SATORP, the joint venture refinery with Total Energies.
Al-Qahtani said the project is expected to provide 7,000 direct and indirect local job opportunities, the impact of which on the local economy will be greatly reflected, noting that the commercial operation of the complex is expected to start in 2027.
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