NESR Secures $200 Million Lithium Extraction Contract from Saudi Aramco

Key Facts

1NESR has secured a $200 million contract from Saudi Aramco for lithium extraction operations.

NESR has secured a contract worth $200 million from Saudi Aramco for lithium extraction operations. Investing.com reported that the agreement focuses on leveraging technical capabilities for resource extraction.

The contract is part of Saudi Aramco's broader strategy to diversify into critical minerals and expand its presence in the energy transition market. This partnership utilizes NESR's technical expertise to support the development of lithium resources as a key component of the Kingdom's mineral diversification goals.