Sadara, Halliburton-TAQA sign 20-year supply deal

03/05/2015 Argaam

Sadara Chemical Co (Sadara) has signed a 20-year deal to supply Energy Chemical Sources Co. (ECSC), Halliburton-TAQA’s newly formed joint venture, with ethylene oxide and propylene oxide for its plant in PlasChem Park, located in Jubail Industrial City II.

 

ECSC is a local Saudi company that provides oilfield chemicals for the oil and gas industry, according to a press release by the company.

 

“This strategic, long-term supply agreement with ECSC is a key step forward in the development of the local oil and gas chemicals market,” Ziad al-Labban, Sadara’s CEO, was quoted as saying in the release.

 

The PlasChem Park is expected to attract diversified investments for downstream industries such as the production of oil and gas chemicals, construction materials, paints and coatings, as well as home and personal care products. It is part of the kingdom’s plan to diversify the economy and develop the oil industry.

 

Sadara is a $20-billion a joint venture between the Saudi Arabian Oil Company (Aramco) and the Dow Chemical Company. 

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