Page 96 - Baker Hughes REPORT - FEBRUARY 2024

Dussur, Baker Hughes Inaugurate

Petrolite Chemicals Facility in Saudi

Arabia

2d

Baker Hughes announced on Sunday the inauguration of its joint venture

(JV) oilfield and industrial chemicals 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.

https://www.msn.com/en-ae/news/other/dussur-baker-hughes-inaugurate-petrolite-chemicals-facility-
in-saudi-arabia/ar-BB1i90ec