Aramco and TotalEnergies announced in a joint statement on Saturday that they had signed a $11 billion contract to begin construction on a new petrochemicals facility in Saudi Arabia.
The $11 billion “Amiral” complex, a future extension of a large-scale petrochemicals plant at the SATORP refinery in the Kingdom of Saudi Arabia, was to be built, according to a statement. “Aramco and TotalEnergies were awarded Engineering, Procurement, and Construction (EPC) contracts for the project today,” it said.
