61.8 F
New York
Wednesday, May 18, 2022

Aramco and Baker Hughes [NYSE: BKR] Announced The Formation Of Novel

Must read

Aramco and Baker Hughes [NYSE: BKR] declared a new joint venture among the companies. The venture will lead to the formation of a new company named NOVEL. This step will develop and commercialize a wide range of non-metallic products that will be used for multiple applications in the energy industry. Aramco will bring the resources and perspective of a pre-eminent energy company while Baker Hughes will provide their deep technical and commercial expertise in the joint venture.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .


The development work of the Novel facility is going on in King Salman Energy Park in Saudi Arabia. Firstly, this service will generate non-metallic pipelines including RTP pipes from composite material. This joint venture accelerates Aramco’s strategy to look for new arising opportunities in oil-based products. This new facility will expand Saudia’s commercial ecosystem and promote domestic investment. It will also create job opportunities and foster the growth of an emerging and innovative sector aligned to Saudia’s vision.

More articles

Latest article