Aramco and TotalEnergies ink $11B deal for Saudi petrochemicals complex.

Saudi Arabian Oil Company (Aramco) and TotalEnergies have joined forces to embark on an exciting new venture. They recently signed an $11 billion contract to commence the construction of a cutting-edge petrochemicals complex in Saudi Arabia. This groundbreaking project, known as the “Amiral” complex, will be an expansion of the SATORP refinery in the Kingdom of Saudi Arabia. The two companies expressed their enthusiasm for this collaboration in a joint statement released on Saturday.

(Reporting by Hatem Maher and Omar Abdel-Razek; Editing by Toby Chopra)

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