Sinopec International Petroleum Services Corporation, a wholly-owned subsidiary of Sinopec Oilfield Service Corporation and Saudi Arabian Oil Company (Saudi Aramco) entered into a turn-key fixed-price contract for the in-country procurement and construction of Packages 6 and 7 of the Phase 3 Pipeline Project Clusters of the Master Gas System (“MGS”),

The Contract value amounted to SAR5,171,253,587 (approximately USD1.37 Billion, excluding value-added tax).

The mechanical completion is expected to be on 31 May 2027.

Phase 3 Pipeline Project Clusters of Saudi Aramco MGS is the third phase of the development of Saudi Aramco’s commodity natural gas pipeline project. The total length of the proposed natural gas main pipeline is approximately 2,630 kilometers and the total length of the proposed sales pipeline is approximately 1,340 kilometers. Sinopec Oil Engineering and Construction Corporation, a wholly-owned subsidiary of Sinopec Oilfield Service Corporation, is responsible for the implementation of Packages 6 and 7 pipeline projects under the Contract, mainly undertaking the EPC engineering services for the natural gas long-distance pipeline and its ancillary facilities with a total length of 696 kilometers for both lines. The contractual construction period is 1,275 days.