Page 11 - Baker Hughes REPORT - FEBRUARY 2024

And on this occasion, Dr. Raed Al-Rayes, CEO of Dussur, said: “The inauguration of the new
Saudi Petrolite Chemicals project comes within Dussur’s efforts to cooperate with its partners for
strategic localization, to maximize the developmental and economic impact in the Kingdom. At
Dussur, we are proud and appreciative of today’s partnership with Baker Hughes that marks a
significant milestone. This new project will provide special, distinguished opportunities for the sons
and daughters of our nation, as we target a Saudization rate of more than 70%.”

The Saudi Petrolite Chemicals facility spans approximately 90,000 square meters with an on-site
quality control lab, ethylene oxide, propylene oxide pipeline feedstock, and 14 storage tanks. The
facility manufactures chemicals for oilfield, power generation and industrial chemicals.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to
energy and industrial customers worldwide. Built on a century of experience and conducting
business in over 120 countries, our innovative technologies and services are taking energy
forward – making it safer, cleaner and more efficient for people and the planet. Visit us at
bakerhughes.com.

About Dussur:
The Saudi Arabian Industrial Investment company, owned by The Saudi Public Investment fund,
Sabic, and Aramco, aims to maximize the developmental impact on the Saudi economy by
executing strategic and sustainable industrial investments with world-class technical partners,
unlocking the Kingdom’s industrial value chains.
Visit us at www.dussur.com

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