Welspun Corp and Saudi Aramco Partner for Energy Expansion in Saudi Arabia
Key Ideas
- Welspun Corp Ltd signs MOU with Saudi Aramco to establish a new LSAW line pipe manufacturing facility in Dammam, Saudi Arabia.
- The facility, set to start operations in mid-2026, will have a production capacity of 350,000 MT per year, supporting Saudi Aramco's projects in oil, gas, hydrogen, and CCUS.
- This collaboration strengthens the long-standing partnership between Welspun Corp and Saudi Aramco, furthering their contribution to critical energy projects and Saudi Arabia's industrial goals.
- The new plant will cater to the increasing demand for line pipes in the Kingdom and boost the transmission of oil, gas, and hydrogen for Saudi Aramco.
Welspun Corp Ltd has inked a Memorandum of Understanding (MOU) with Saudi Aramco to establish a cutting-edge LSAW line pipe manufacturing facility in Dammam, Saudi Arabia. The facility, expected to commence operations by mid-2026, will boast a substantial production capacity of 350,000 metric tons annually. This move aims to bolster support for Saudi Aramco's diverse projects in the fields of oil, gas, hydrogen, and CCUS, thereby fortifying their enduring partnership. Welspun Corp's longstanding collaboration with Saudi Aramco spanning nearly two decades has been instrumental in various pivotal oil and gas pipeline ventures within the Kingdom. The upcoming manufacturing facility not only amplifies Welspun's standing in the global energy sector but also aligns with Saudi Arabia's strategic industrial objectives, particularly in the energy domain. By addressing the mounting demand for line pipes in Saudi Arabia, the new plant is poised to play a crucial role in facilitating the efficient transmission of oil, gas, and hydrogen for Saudi Aramco, further solidifying the bilateral cooperation between the two entities.