The Industrialization and Energy Services Company (TAQA), owned by the Public Investment Fund and a group of the most prominent Saudi joint stock companies and founding investors, acquired a stake in OPT, based in Houston, USA, and is one of the companies specialized in oil and gas field services chemicals.World-class chemicals and specialized products are a key element for the success of TAQA’s services and its distinction. OPT will invest more than 10 million riyals to build a local chemical research, engineering and manufacturing facility in Dhahran, with a mandate to provide new engineering solutions and make more available. Job opportunities, and enhancing the local content in the research and development of chemical products in the Kingdom.
“Our partnership with OPT will enhance our capabilities in research, engineering and manufacturing related to oil and gas field service chemicals, which will support our ambitions for technical development,” said TAQA CEO Khaled Al-Noah.
He added that the local research, engineering and manufacturing facility that OPT will develop in Dhahran will expand the chemical footprint in the Kingdom and enable entry into the field of specialized chemicals to address the performance and safety of wells in the oil and gas sectors.
These were the details of the news “Public Investments” acquires a stake in “OPT” – Saudi Arabia News for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
