Technip Energies Bags Aramco Contract, Supports Saudi Arabia's Dream Of Low-Carbon Future

Technip Energies NV THNPF THNPY won a project management consultancy contract from Aramco for the master plan of the New Industrial City of Ras Al Khair region.

The contract comprises studies on the execution of the Liquid-to-Chemical Program to transform a significant part of its oil and gas production into valuable chemical products across existing Aramco downstream hubs and new development of the Ras Al Khair area.

The master plan includes several export terminal and site assessment studies and determining the scope and program execution plan for all civil, marine, telecommunication, and industrial infrastructures. 

"We are pleased to have been awarded the PMC contract for the Master Plan of Ras Al Khair, an ambitious project that is at the forefront of Saudi Arabia's vision for a low-carbon future. We look forward to working closely with Aramco to develop a comprehensive program execution plan that will support the major industrial projects planned for the Province, while also contributing to the Kingdom's strategic goals for sustainable development,” said Charles Cessot, SVP T.EN X – Consulting & Products of Technip Energies.

Price Action: THNPF shares closed higher by 1.77% at $22.97 on Monday.