Advanced subsidiary obtains license from Ministry of Energy to establish, own and operate pipeline to transport propane gas

Advanced Petrochemical Company (Advanced) announced on Sunday that Advanced Global Investment Company, a subsidiary of Advanced, has obtained the approval of the Ministry of Energy to construct, own and operate pipelines for propane gas transport in Jubail Second Industrial City (Jubail – 2) for a period of (25) Twenty-five Hijri years from the date of publication of the ministerial resolution in the Official newspaper, which was published in Umm Al-Qura Newspaper on Friday, December 02, 2022.
In this regard, Advanced Petrochemical Company and its subsidiaries express their sincere gratitude and appreciation to the Ministry of Energy for its confidence in the Company’s performance in the petrochemicals industry and for the continuous efforts made by the Ministry to support and enhance the local content, which would increase the national industries competitiveness to achieve our ambitious vision – Vision 2030.
Any material development related to this event will be announced in accordance with the relevant laws and regulations.