Page 74 - Baker Hughes REPORT - FEBRUARY 2024

special, distinguished opportunities for the sons and daughters of our nation
as we target a Saudization rate of more than 70%,” said Rayes.

Baker Hughes CEO Lorenzo Simonelli said: “Today is a testament to Baker
Hughes and Dussur's continued efforts to drive in-country value to better
serve the chemicals market in the Kingdom and across the region. Aligned to
the Kingdom’s vision.”

Simonelli stated that the inauguration of the facility marked another milestone
in the Kingdom’s remarkable journey of economic and industrial growth.

“For Baker Hughes, I am proud to be a part of this journey we started more
than 85 years ago in Saudi Arabia as we invest in growth together.”

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

The facility manufactures chemicals for oilfield, power generation, and
industrial chemicals.

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