AGL 38.59 Decreased By ▼ -0.16 (-0.41%)
AIRLINK 137.10 No Change ▼ 0.00 (0%)
BOP 5.65 Increased By ▲ 0.28 (5.21%)
CNERGY 3.89 Increased By ▲ 0.02 (0.52%)
DCL 8.00 Decreased By ▼ -0.09 (-1.11%)
DFML 45.89 Increased By ▲ 0.15 (0.33%)
DGKC 84.84 Increased By ▲ 1.54 (1.85%)
FCCL 30.60 Increased By ▲ 0.33 (1.09%)
FFBL 59.10 Increased By ▲ 1.50 (2.6%)
FFL 9.30 Increased By ▲ 0.16 (1.75%)
HUBC 107.80 Increased By ▲ 0.95 (0.89%)
HUMNL 14.50 Increased By ▲ 0.20 (1.4%)
KEL 4.77 Increased By ▲ 0.09 (1.92%)
KOSM 8.03 Increased By ▲ 0.05 (0.63%)
MLCF 38.53 Decreased By ▼ -0.40 (-1.03%)
NBP 67.20 Decreased By ▼ -0.40 (-0.59%)
OGDC 172.07 Increased By ▲ 3.08 (1.82%)
PAEL 25.35 Decreased By ▼ -0.03 (-0.12%)
PIBTL 5.81 Decreased By ▼ -0.13 (-2.19%)
PPL 134.19 Increased By ▲ 3.19 (2.44%)
PRL 24.20 Increased By ▲ 0.44 (1.85%)
PTC 16.25 Increased By ▲ 0.50 (3.17%)
SEARL 67.30 Increased By ▲ 2.55 (3.94%)
TELE 7.54 Increased By ▲ 0.14 (1.89%)
TOMCL 36.20 Increased By ▲ 0.11 (0.3%)
TPLP 7.94 Increased By ▲ 0.08 (1.02%)
TREET 14.64 Decreased By ▼ -0.29 (-1.94%)
TRG 47.05 Increased By ▲ 1.80 (3.98%)
UNITY 25.78 Decreased By ▼ -0.05 (-0.19%)
WTL 1.31 Increased By ▲ 0.02 (1.55%)
BR100 9,448 Increased By 101 (1.08%)
BR30 28,520 Increased By 407.6 (1.45%)
KSE100 88,039 Increased By 844.5 (0.97%)
KSE30 27,656 Increased By 259.1 (0.95%)

French industrial gases group Air Liquide signed on Saturday a long-term agreement to supply nitrogen to state oil giant Saudi Aramco. Under the 20-year deal, the French firm will supply at least 5 million standard cubic feet per day of nitrogen to support sea water injection in Aramco's oilfields, officials from Aramco and Air Liquide said during a signing ceremony.
It would also supply liquid nitrogen to Saudi Aramco facilities. Nitrogen removes oxygen from sea water which is injected into the reservoir to maintain the well potential. The value of the agreement was not disclosed and no details were provided as to which oilfields would be targeted.
Air Liquide would also build an interface inside sea water injection facilities as well as an air separation plant in Qurayyah, south of the eastern city of Khobar. Construction work would take 18 months to be completed. The company won the deal after a bidding process. Air Liquide signed a contract with Aramco in September to supply hydrogen to the new 400,000 barrels per day (bpd) refinery in Yanbu, on the Red Sea coast of the world's largest oil exporter Saudi Arabia.

Copyright Reuters, 2011

Comments

Comments are closed.