Saudi Aramco forms joint venture with Baker Hughes to develop non-metallic products
Oil giant Saudi Aramco and energy services company Baker Hughes have formed a 50/50 joint venture, Novel, to develop a broad range of non-metallic products for multiple applications in the energy sector.
For all the latest headlines follow our Google News channel online or via the app.
Novel’s new plant is being constructed at Saudi Arabia’s King Salman Energy Park (SPARK), a 50 sq kilometer energy city aimed at making the kingdom a global energy, industrial and technology hub.
The new facility will not only create jobs, it will also help to foster growth of an emerging sector in line with Saudi Arabia’s Vision 2030 to diversify the economy away from oil, the companies said in a statement without disclosing the size of their investment.
Read more:
Saudi Aramco restores full flow of operations in Jazan station
Aramco announces expansion of its Saudi Arabia supply chain in boost to local jobs
World energy supply has been ‘force for good,’ must also be sustainable: Aramco CTO
-
Saudi Aramco restores full flow of operations in Jazan station
Saudi Aramco said on Friday that normal and full flow of operations in the petroleum derivatives distribution station in Jazan has been restored, ... Energy -
Aramco announces expansion of its Saudi Arabia supply chain in boost to local jobs
Saudi Arabia’s energy giant Aramco announced Monday that it would be expanding its flagship program to increase local content, boost supply chains and ... Gulf -
World energy supply has been ‘force for good,’ must also be sustainable: Aramco CTO
The world’s energy supply has been “a force for good” and may be reliable and affordable, but it must also be sustainable, Saudi Aramco’s Chief ... Energy