[Haichuan Overseas Engineering] Sinopec Nanjing Engineering signs LTA (Long-Term Cooperation Agreement) with Saudi Aramco for the renovation of the old plant site and oil and gas upgrading project

Thread Content

On April 30, Middle East Company and Saudi Aramco signed a LTA (Long-Term Cooperation Agreement) for the renovation of the old plant site and the upgrading of oil and gas facilities at the Saudi World Cultural Center. With this agreement, the company has become the first enterprise within the group to make it onto Saudi Aramco’s shortlist of contractors for LTA (long-term agreement) projects in the Brown Area, marking an important breakthrough in the Saudi market for high-end energy engineering projects. An LTA (Long Term Agreement) is a medium-to-long term framework cooperation agreement signed by Saudi Aramco with partners such as contractors and suppliers, outlining the scope of services, technical standards, pricing mechanisms, and commercial terms for a specified period of time. It represents an important procurement approach for ensuring supply chain stability and improving the efficiency of project execution. For Nanjing Engineering Company, this contract signing signifies the acquisition of long-term market access, which helps to establish stable sources of business, deepen cooperation with clients, and lay a solid foundation for expanding into regional markets and serving high-end customers. Since the launch of the cooperation signing process, despite multiple postponements of the tender deadline, several rounds of technical and commercial clarifications, as well as fierce competition from internationally renowned contractors such as Spain’s TR, South Korea’s Hyundai, and Japan’s JGC, the Middle East Company swiftly formed a dedicated bidding team. It continuously refined its technical solutions and business strategies, fully demonstrating its overall capabilities in areas such as the renovation and upgrading of existing plants, complex inspection and maintenance work, multi-disciplinary coordination, and integration of local resources. Ultimately, it succeeded in winning the bid. Since their first collaboration in 2010, the two parties have signed a total of 32 project contracts, with a total contract value exceeding $2.5 billion. The company has successively undertaken more than a dozen large and medium-sized projects for Saudi Aramco, including WASIT gas processing, Fadili natural gas processing, Mazar onshore crude oil processing, and the upgrading of pump stations along the east-west crude oil transmission pipelines. It has earned high recognition from its clients and has been honored multiple times by the Chinese Embassy in Saudi Arabia and the local government. This signing is the result of the company’s years of deep involvement in the Saudi market, and the successful application of its experience in areas such as market access, technical requirements, resource allocation, and project execution. Next, the company will focus on developing high-end services in the front-end sector, continue to expand its presence in overseas markets, leverage its advantages in coordinated regional resource management and integrated oversight, advance project implementation to high standards, further strengthen its competitive edge, and expand its brand influence, thereby providing a \"Chinese solution\" for energy cooperation under the Belt and Road Initiative. Source: