Page 16 - DMEA Week 11 2023

DMEA NEWS IN BRIEF DMEA

Samawah gas depot project in Al-Muthanna cylinders per day. Petrochemical logged net profits after tax
Governorate. MOO worth SAR 295 million in 2022, an annual
The Undersecretary for Gas Affairs, Ezzat plunge of 63.80% from SAR 815 million.
Saber Ismail, said in a ceremony held on this Meanwhile, SABIC generated SAR 16.53
occasion that the Samawa gas depot project is PETROCHEMICALS billion in net profit after Zakat and tax last
one of the latest projects that adopt modern year, down 28.35% from SAR 23.07 billion in
technology and means of protection. Gas Arabian Services wins 2021.
It aims to provide a large part of the MUBASHER
consumption and storage needs of liquid gas project deal from Advanced
for the governorate.
Ismail pointed out the ministry’s Petrochemical
keenness to improve the services provided to
citizens, and work to modernize oil and gas Gas Arabian Services Company was awarded
facilities, and the next stage will witness the a SAR 50.98 million project contract from
implementation of many promising projects. Advanced Petrochemical Company on 6
For his part, General Manager of the Gas March 2023, according to a bourse filing.
Filling and Services Company, Anmar Ali Gas Arabian Services will construct a
Hussein, said that the consumption capacity pipeline that supplies a gaseous stream from
of the Samawah warehouse ranges from (120- Advanced Petrochemical to Jubail United
140) tons, where (7) factories are equipped Company, an affiliated firm of Saudi Basic
to fill liquid gas cylinders, including (2) Industries Corporation (SABIC).
government and (5) private sector. Last January, Gas Arabian Services and
Hussein added that the warehouse’s activity JGC Arabia Limited inked a SAR 139.53
includes receiving, fragrant, storage and million agreement for the Saudi Aramco Zuluf
loading operations, and that the production Onshore oil facilities project.
capacity of these factories amounts to (13,000) It is worth noting that Advanced

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