Page 72 - Baker Hughes REPORT - FEBRUARY 2024

2/13/24, 3:04 PM Baker Hughes Inaugurated Joint Venture Oilfield and Industrial Chemicals Facility
The inauguration ceremony of the Jubail facility was attended among others by

HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy; His Excellency
Eng. Khalid Al-Falih, Minister of Investment; and His Excellency Mr. Bandar bin

Ibrahim AlKhorayef, Minister of Industry & Mineral Resources.

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The new facility will boost the country’s base targets of raw materials like solvents
and glycols. Furthermore, it will accelerate the development of manufacturing skills

and capabilities of the local workforce. It is built in line with Baker Hughes’ strategy

to source and produce chemicals near to areas of high demand.

The facility will drive opportunities to boost local raw materials and support

development of local workforce.

The inauguration of the Saudi Petrolite Chemicals facility, spanning approximately
90,000 square metres, marks another important milestone in the Kingdom’s

remarkable journey of economic and industrial growth, noted Lorenzo Simonelli,
chairman and CEO, Baker Hughes.

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