Gulf Oil and Gas accountACCOUNT

Aramco & SAR Sign MOU to Explore the Rail Network

Source: www.gulfoilandgas.com 10/5/2011, Location: Middle East

Share |
Saudi Aramco, represented by Pipelines, Distribution and Terminals executive director Nasir K. Al-Naimi, on Oct. 1 signed a memorandum of understanding with the Saudi Railway Co. (SAR) to explore ways the rail network might transport petroleum products from the Jubail Bulk Plant to al-Jouf and Turaif Bulk Plants.

CEO Dr. Rumaih Al-Rumaih signed on behalf of SAR.

“This initiative supports the Kingdom’s plan to promote the rail infrastructure and will enhance safety on the highways,” Al-Naimi said. “The train will eliminate the daily movement of approximately 300 trucks between Duba, al-Jouf and Turaif Bulk Plants. It will also achieve savings in diesel consumption as compared to the trucking alternative while enhancing the petroleum product supply chain and creating job opportunities.

“We look forward to finalizing the business deal with SAR as soon as possible,” he said.

Dr. Al-Rumaih also expressed his happiness in signing the agreement and said he looked forward to seeing the project materialize in the near future. SAR, as a new name in the domestic transportation market, seeks to satisfy market requirements by providing advanced railway services — moving passengers, freight and minerals.

The planned railway will link a number of cities and villages in Saudi Arabia, and ultimately link with neighboring countries, leading to further social, economic, industrial, agricultural and commercial development. The north-south railway has been in partial operation since May, connecting Ras al-Khair on the East Coast to Hazm al-Jalameed in the far north, for mineral freight movement. It will soon integrate with the existing Saudi Railways Organization (SRO) network by connecting to Riyadh, Jubail and Dammam.

Railways News in Saudi Arabia >>

Oman >>  2/15/2018 - Saipem has been awarded a new contract in the onshore E&C sector worth approximately USD 750 million. Work involves engineering, procurement, construc...
Kuwait >>  2/13/2018 - EQUATE Group, a global producer of petrochemicals, proudly announces that 34 Kuwaiti operations technologists have joined the company’s growing team o...

Saudi Arabia >>  2/12/2018 - Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of ...
United Arab Emirates >>  2/7/2018 - A US $3.1 billion project to introduce crude processing flexibility, at the Abu Dhabi National Oil Company (ADNOC) owned Ruwais oil refinery, was anno...

United Arab Emirates >>  1/31/2018 - His Excellency Dr Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, has held a series of meetings with government and corporate leaders in B...
Israel >>  1/29/2018 - Energean Oil & Gas is pleased to announce that Energean Israel has signed a contract with Stena Drilling for the development drilling of the Karish Fi...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

Oil & Gas Projects in Saudi Arabia >>

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.