Saudi Aramco announces its intention to establish a JV with Air Products and ACWA Power and signs seven MoUs at The Future Investment Initiative in Saudi Arabia

摘要

The proposed joint venture with Air Products and ACWA Power will own and operate the Jazan Integrated Gasification Combined Cycle and Power Plant and Jazan Air Separation Unit, valued at approximately USD $11.5 billion. Company signs seven MoUs with international companies designed to increase the efficiency of technology used in upstream, downstream and engineering services. The agreements also are meant to promote business investment opportunities through technology across the Kingdom's energy services sector ecosystem.