Aramco Awards Contracts Worth $7.7 Bln to Add 1.5 BSCFD of Raw Gas to Fadhili Gas Plant

Saudi Aramco awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province. (SPA)
Saudi Aramco awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province. (SPA)
TT

Aramco Awards Contracts Worth $7.7 Bln to Add 1.5 BSCFD of Raw Gas to Fadhili Gas Plant

Saudi Aramco awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province. (SPA)
Saudi Aramco awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province. (SPA)

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, awarded on Tuesday engineering, procurement, and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia.

The project is expected to increase the plant’s processing capacity from 2.5 to 4 billion standard cubic feet per day (BSCFD).

This additional 1.5 BSCFD will help the company realize its strategy of raising gas production by more than 60% over the 2021 levels by 2030.

The Fadhili Gas Plant expansion, set to be completed by November 2027, is also expected to add 2,300 metric tons to the daily sulfur production.

Aramco Executive Vice President of Technical Services Wail Al Jaafari said: “These contracts reflect Aramco’s goal to increase natural gas supplies, help efforts to reduce greenhouse gas emissions, and free up more crude oil for value-added refining and export.”

“Together with leading international companies, we are advancing our goal to increase gas production. The expansion also supports our ambition to develop a lower-carbon hydrogen business, while associated liquids from gas are an important feedstock for the petrochemical industry,” he added.

Aramco awarded the EPC contracts for the Fadhili Gas Plant expansion project to SAMSUNG Engineering Company, GS Engineering & Construction Corporation, and Nesma & Partners.



GAIN Summit in Riyadh to Showcase Global Experiences on AI Use in Supporting Business Leaders

GAIN Summit in Riyadh to Showcase Global Experiences on AI Use in Supporting Business Leaders
TT

GAIN Summit in Riyadh to Showcase Global Experiences on AI Use in Supporting Business Leaders

GAIN Summit in Riyadh to Showcase Global Experiences on AI Use in Supporting Business Leaders

The third edition of the Global AI (GAIN) Summit, organized by the Saudi Data and AI Authority (SDAIA) will be held in Riyadh on September 10-12.

The summit will showcase the global experiences in the field of artificial intelligence technologies, including those that focus on the importance of business leaders' understanding of rapidly developing AI technologies, and reflecting on how to increase production driven by strategic decision-making.

The deliberations of over 300 speakers, including experts, specialists, and decision-makers from 100 countries will present business leaders and those interested in the field of data and AI with promising options and opportunities to benefit from the technologies.

The speakers will deliberate on the most effective methods of utilizing AI to make strategic decisions, support responsible leadership, analyze the extent of the impact of AI on the growth of business activities and productivity, and motivate employees within an attractive work environment that meets the aspirations of business leaders.

The summit will underscore the importance of senior leaders and policymakers in making strategic decisions, determining the scope and directions of work, and achieving a competitive advantage for business. These decisions are guided by organizational policies, available resources, future plans, and other decisions based on AI.

According to a study by PricewaterhouseCoopers, productivity growth and improvement of manufacturing processes were five times faster when AI was used to adjust processes, identify shortcomings, and reduce waste and errors.

Predictive maintenance can also reduce downtime and speed up the pace of production, allowing the plant to increase production with the same or fewer inputs.