Page 57 - Baker Hughes REPORT - FEBRUARY 2024

2/13/24, 3:02 PM PRESSR: Baker Hughes, Dussur inaugurate Saudi Petrolite Chemicals’ facility in Jubail — TradingView News
PRESSR: Baker Hughes,

Dussur inaugurate Saudi

Petrolite Chemicals’ facility in

Jubail

Feb 11, 202419:56 GMT+4

BKR +1.51%

Localization opportunities to increase local raw materials, support local

workforce development and provide shorter lead times for delivery to

customers in KSA

Inauguration ceremony included the presence of HRH Prince Abdulaziz Bin

Salman Al Saud, Minister of Energy; His Excellency Eng. Khalid Al-Falih,

Minister of Investment; His Excellency Mr. Bandar bin Ibrahim AlKhorayef,
Minister of Industry & Mineral Resources; Lorenzo Simonelli, Chairman &

Chief Executive Officer, Baker Hughes; and Dr. Raed Al-Rayes, Chief

Executive Officer, Dussur

Jubail, Saudi Arabia – In the presence of HRH Prince Abdulaziz Bin Salman Al

Saud, Minister of Energy; His Excellency Eng. Khalid Al-Falih, Minister of

Investment; His Excellency Mr. Bandar bin Ibrahim AlKhorayef, Minister of
Industry & Mineral Resources, Baker Hughes, an energy technology company,

and Dussur, owned by the Saudi Arabian Public Investment Fund (PIF), Saudi

Aramco and SABIC (Saudi Basic Industries Corporation), formally inaugurated

on Sunday the previously announced joint venture (JV) chemicals

manufacturing facility focused on providing oilfield and industrial chemicals

in The Kingdom of Saudi Arabia (KSA). The facility will be known as the Saudi
Petrolite Chemicals facility.

https://www.tradingview.com/news/reuters.com,2024-02-11:newsml_Zaw2CJh2w:0-pressr-baker-hughes-dussur-inaugurate-saudi-petrolite-chemi… 1/2