• Maximising liquids-to-chemicals value chain
As part of plans to utilise more hydrocarbons for non-combustion uses, Aramco agreed to develop one of the world’s largest refinery-integrated petrochemical steam crackers in South Korea through its S-Oil affiliate, which will convert crude oil into petrochemical feedstock.
• Jafurah unconventional gas field
Containing an estimated 200 trillion standard cubic feet (scf) of natural gas, the Jafurah unconventional gas field development is now underway, targeting one of the largest liquid-rich shale gas plays in the Middle East. The Jafurah facility is expected to play a key role in the Saudi Arabian domestic energy sector, displacing significant volumes of oil with gas and in turn lowering emissions.
• Manifa field development
The Manifa field development project was recognised as the Upstream Project of the Year at the 2022 Middle East Energy Awards for its development, management, and production, and its innovative solutions for protecting the fragile marine ecosystem in Manifa Bay.
• Mega carbon capture and storage hubs
A joint development agreement between Aramco, SLB and Linde was signed to construct one of the world’s largest planned carbon capture and storage (CCS) hubs, in Jubail, Saudi Arabia, with a capacity target of 9 MMtpa by 2027.
• Blue ammonia & blue hydrogen certification
With the development of blue hydrogen under way as a commercial opportunity that could support emissions reductions in hard-to*decarbonise sectors, two Aramco subsidiaries – SASREF and SABIC Agri-Nutrients (AN) – received the world’s first independent certification for production of blue ammonia and blue hydrogen.
• Reinforced supply chain
Through its In-Kingdom Total Value Add (iktva) programme, Aramco signed over 90 corporate procurement agreements worth a total of $17.3 billion (SAR 64.9 billion) with manufacturers in Saudi Arabia, which are expected to reinforce Aramco’s robust supply chain.