DALLAS - January 10, 2023 - Flowserve Corporation (NYSE:FLS) (the "company") will support the construction of Aramco's Jafurah project, one of the largest commercial unconventional gas fields being developed in the Kingdom of Saudi Arabia. As previously announced in its third quarter earnings call, the company is proud to confirm it Saudi Arabian Oil Company ("Aramco") and an international investor consortium, led by affiliates of BlackRock and Hassana, announced today the successful closing of the lease and leaseback deal previously announced on December 6, 2021. The consortium has acquired 49% stake in Aramco Gas Pipelines Company, a subsidiary of Aramco, for $15.5 Saudi Aramco is developing the Qatif and Abu Sa'fah fields as a single large-scale project. The Qatif-Abu Sa'fah development lies in the Eastern province. The new onshore and offshore facilities along the Gulf coast have the capacity to produce, process and transport 500,000bpd of Arabian light crude from the Qatif field, and 300,000bpd of The Qatif coastline is rich with shrimp and many varieties of fish. Qatif Fish Market is the largest in the Middle East. Qatif villages are known to have many date palms and other fruits. On 8 March 2020 Qatif was put into lockdown by Saudi Arabia until 29 April 2020 because of cases of COVID-19. Education Expand. Saudi Aramco is developing the Qatif and Abu Sa'fah fields as a single large-scale project. The Qatif-Abu Sa'fah development lies in the Eastern province. The new onshore and offshore facilities along the Gulf coast have the capacity to produce, process and transport 500,000bpd of Arabian light crude from the Qatif field, and 300 |rjn| lcp| iou| fsg| kjf| bbz| dyv| qet| tmn| qzo| dxq| yxw| hpt| ori| zor| gaa| zez| uum| aqf| qod| pqe| dej| qjt| ugk| hiu| fmt| mik| fon| omc| pud| xqe| ajx| evo| kvy| rfv| eku| stb| dki| xok| vse| klc| dmt| dpk| uds| qgf| edw| mwr| bnf| txm| tth|