Sinopec secures $1.10 billion deal for Saudi gas pipelines

A service unit of a major Chinese energy company has recently inked a substantial deal worth 7.956 billion yuan ($1.10 billion) to build natural gas pipelines for Saudi Arabia's state oil company. The agreement involves the procurement and construction of the third phase of the Master Gas System in Saudi Arabia by Sinopec Oilfield Service Co. This ambitious project will see the development of trunk lines spanning 2,630 kilometers and branch lines covering 1,340 kilometers, contributing to Aramco's efforts to bolster gas distribution infrastructure across the kingdom.

Under the terms of the contract, Sinopec has been entrusted with completing the construction by the end of May 2027. This endeavor marks a significant stride in expanding Saudi Arabia's gas network and highlights the strong strategic partnership between the two energy behemoths.

The collaboration between the Chinese energy company and Saudi Arabia's state oil company to enhance the gas infrastructure in the kingdom exemplifies the global nature of energy projects and the importance of fostering international partnerships for mutual benefit and progress.