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Saudi, Bahraini Transport Ministers Discuss King Hamad Causeway Study

King Fahd Causeway, Asharq Al-Awsat
King Fahd Causeway, Asharq Al-Awsat
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Saudi, Bahraini Transport Ministers Discuss King Hamad Causeway Study

King Fahd Causeway, Asharq Al-Awsat
King Fahd Causeway, Asharq Al-Awsat

Saudi Arabia's Transport Minister Dr. Nabil Al-Amoudi met on Wednesday with Bahraini Transport Minister Kamal Al-Amoudi in Riyadh. The two discussed a report issued by the assigned consulting company for the King Hamad Causeway project.

After exchanging opinions and listening to third party observations, the attendees recommended studying other aspects related to the project and then presenting them to the team for further review and opinion.

The Bahraini Minister of Transport revealed in previous statements that the preliminary feasibility study of the railway project and King Hamad Causeway between the two countries estimated their budget at four billion dollars, and that the project contains two tracks for railway, transport of goods and passengers, Saudi Arabia with his country, with the establishment of 4 tracks for cars on the new bridge.

King Hamad Causeway aims to connect Saudi Arabia and Bahrain, running parallel to the existing King Fahd Causeway. The causeway is expected to be about 25 kilometers and allow passenger trains, freight trains and vehicles so as to reduce the traffic on the King Fahd Causeway.

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Aramco, Sinopec and Yasref Sign Venture Framework Agreement for Petrochemical Expansion

Photo by SPA
Photo by SPA
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Aramco, Sinopec and Yasref Sign Venture Framework Agreement for Petrochemical Expansion

Photo by SPA
Photo by SPA

Saudi Aramco, China Petroleum & Chemical Corporation (Sinopec), and Yanbu Aramco Sinopec Refining Company (Yasref) announced the signing of a Venture Framework Agreement (VFA) to pave the way for a major petrochemical expansion at Yasref, in Yanbu, on the west coast of Saudi Arabia.
According to a press release from Aramco, the agreement, coinciding with Yasref's 10th anniversary, seeks to advance engineering studies for the development of a fully integrated petrochemical complex at Yasref, a joint venture owned by Aramco (62.5%) and Sinopec (37.5%). The project aims to maximize operational synergies and create additional value by introducing a state-of-the-art petrochemical unit, a large-scale mixed feed steam cracker with a 1.8 million tons per year capacity, and a 1.5 million tons per year aromatics complex with associated downstream derivatives integrated into the existing Yasref complex. This is expected to enhance Yasref's ability to meet the growing demand for high-quality petrochemical products, SPA reported.
President and CEO of Saudi Aramco Amin H. Nasser said, "The Yasref Venture Framework Agreement further deepens and elevates our strategic partnership with Sinopec. The planned expansion project solidifies our commitment to product innovation and diversification. As we look forward to strengthening our collaboration with Sinopec in making Yasref a leading refining and petrochemicals joint venture, we aim to contribute to growing Saudi Arabia's position as a global leader in energy and chemicals."
Aramco Downstream President Mohammed Y. Al Qahtani stated, "The planned Yasref expansion aligns with our downstream strategy to unlock the full potential of our resources, including converting up to four million barrels per day of crude oil into petrochemicals by 2030. In partnership with Sinopec, we aim to advance cutting-edge refining and petrochemical capabilities to deliver high-value products, create new opportunities, drive industrial innovation, and enable economic transformation. This highlights our strategic, long-term partnership with Sinopec."
Sinopec President Zhao Dong emphasized, "Yasref, a flagship joint venture symbolizing China-Saudi energy cooperation, has not only served as a key driver for Saudi Arabia's local economic growth but also actively advanced petrochemical industry upgrades. We expect the Yasref expansion project to unlock new dimensions of collaborative potential as we navigate the energy transition. Sinopec and Aramco are poised to establish a world-class, integrated refining and petrochemical complex distinguished by comprehensive competitive advantages, aiming to redefine traditional energy cooperation models and expand new frontiers for more sustainable development."
The release also noted that Yasref is one of several strategic partnerships between Aramco and Sinopec. These collaborations include Sinopec Senmei (Fujian) Petroleum Company (SSPC), Sinopec SABIC Tianjin Petrochemical Co. (SSTPC), Fujian Refining & Petrochemical Company (FREP), and a new integrated refining and petrochemical complex under development in Fujian Province, China. Through these ventures, the two groups aim to strengthen energy security, fuel industrial innovation, foster long-term cooperation, and contribute to the global economy.