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National Energy Services Reunited Signs Up to $200 Million Lithium Project Agreement With Aramco

National Energy Services Reunited Signs Up to $200 Million Lithium Project Agreement With Aramco

MT newswireMT newswire2026/10/08 10:32

06:32 AM EDT, 10/08/2026 (MT Newswires) -- National Energy Services Reunited (NESR) said Thursday that its NESR Environmental and Decarbonization Applications unit signed an agreement with Aramco for a Saudi Arabian lithium demonstration project worth about $200 million over up to five years. The project will use NESR's LiThara platform to produce 2,000 tonnes per year of battery-grade lithium carbonate, with commissioning and production targeted for late 2027, the company said. The project is expected to be Saudi Arabia's first lithium project, combining Aramco's subsurface expertise with NESR's regional field operations experience, it added.

06:32 AM EDT, 10/08/2026 (MT Newswires) -- National Energy Services Reunited (NESR) said Thursday that its NESR Environmental and Decarbonization Applications unit signed an agreement with Aramco for a Saudi Arabian lithium demonstration project worth about $200 million over up to five years. The project will use NESR's LiThara platform to produce 2,000 tonnes per year of battery-grade lithium carbonate, with commissioning and production targeted for late 2027, the company said. The project is expected to be Saudi Arabia's first lithium project, combining Aramco's subsurface expertise with NESR's regional field operations experience, it added.
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