-+ 0.00%
-+ 0.00%
-+ 0.00%

Marafiq Settles Heavy Fuel Oil Dispute with Saudi Aramco

MT Newswires·12/08/2025 01:33:40
Listen to the news
01:33 AM EST, 12/08/2025 (MT Newswires) -- Power and Water Utility Co. for Jubail and Yanbu (SASE:2083), d/b/a Marafiq, agreed to pay 70 million Saudi riyals to Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to settle issues related to the supply of heavy fuel oil to its Yanbu 2 facility. The Saudi utility added that it will be exempt from certain handling, operation, maintenance, and rental fees tied to specific facilities, according to a Monday release. The annual value of these exemptions is expected to reach up to 15 million riyals through 2033.