Saudi Arabia Invests in Petrochemical Projects

NEW DELHI--August 18, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Having nearly one-fifth of the world's proven petroleum reserves, Saudi Arabia is the highest petrochemical producer in the Middle East region and continues to invest in projects, including grassroot, unit additions, equipment upgrades and debottlenecking.

Recently, Saudi Aramco Total Refining and Petrochemical (SATORP) (Al-Jubail, Saudi Arabia) awarded engineering, procurement, and construction contracts to Hyundai Engineering Company Limited (Seoul, South Korea), and Maire Tecnimont SpA (Rome, Italy) to develop one of the largest mixed-load steam crackers in the Gulf region.