Saudi Aramco signs an agreement to supply crude for the Egyptian Red Sea Petrochemical Complex
Saudi Aramco signed an agreement within the framework of the executive procedures for the construction stages of the petrochemical complex in the Suez Canal Corridor area of the Red Sea National Petrochemical Company.
Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, witnessed during the activities of the second day of the Fifth Egypt International Petroleum Conference and Exhibition (EGYPS 2022) the signing of joint agreements between the petroleum sector and the Saudi Aramco Group, which come within the framework of the executive procedures for the construction stages of the petrochemical complex in the Suez Canal Corridor area of the Bahr Company Red National Petrochemical.
The agreements and contracts signed on many key areas to expedite the implementation of this giant complex, foremost of which is the Principles Agreement to provide crude with Saudi Aramco Trading Company, which is the first and world leader in the field of crude provision, which will secure the Red Sea Company’s needs of Arab very light crude due to its distinctiveness The quality and appropriateness of the petrochemical complex design, which is characterized by Aramco's long history, long experience and commitment.
The cooperation between the petroleum sector and Saudi Aramco is the culmination and extension of the well-established historical relations between Egypt and the Kingdom, the leadership and people, which establish more successful partnerships in the oil and gas sector.
The signature was signed by Eng. Mohammed Ebadi, President of the Red Sea National Petrochemical Company, and Eng. Muhammad Yamani Al-Qahtani, President of Saudi Aramco Trading Company.