Page 90 - Baker Hughes REPORT - FEBRUARY 2024

2/14/24, 4:29 PM Dussur, Baker Hughes Inaugurate Petrolite Chemicals Facility in Saudi Arabia
manufacturing plant in Jubail Industrial City, eastern Saudi

Arabia.

The new plant will cater to oilfield, power generation, and

industrial chemicals industries.

Saudi Minister of Energy Prince Abdulaziz bin Salman,

Minister of Investment Khalid al-Falih, and Minister of

Industry and Mineral Resources Bandar Alkhorayef attended

the inauguration.

Baker Hughes signed the joint venture with Dussur, which is

owned by the Public Investment Fund (PIF), Saudi Aramco,

and Saudi Basic Industries Corporation (SABIC).

The joint venture was announced a year ago, and the Texas-

based oilfield services holds a 51 percent stake in the project.

The facility will be known as the Saudi Petrolite Chemicals

facility. It will increase Saudi Arabia’s supply base targets of

raw materials like solvents and glycols.

It also aims to accelerate the development of manufacturing

skills and capabilities of the local workforce with more than

70% Saudization.

With faster delivery of fit-for-purpose chemical solutions, the

facility is closer to customers and suppliers, creating

efficiencies across the business.

Dussur CEO Raed al-Rayes said the inauguration of the

project comes within Dussur’s efforts to cooperate with its

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