Zhong Guo Neng Yuan Wang·2025-09-18 08:09Core Viewpoint - Saudi Aramco plans to execute 85 major projects over the next three years, focusing on oil and gas production, pipeline networks, and civil infrastructure [1][2] Investment Highlights - The 85 major projects include 20 in the oil and petrochemical sector, emphasizing upgrades to oil, gas, and refining facilities, particularly in sulfur recovery units, gas compression systems, and refining installations [2] - The procurement list for these projects includes 21,000 kilometers of carbon steel pipelines, 2.2 million tons of structural steel, 41,000 kilometers of cables, and 1,700 kilometers of transmission lines, along with upgrades to key facilities [2] Capital Expenditure - Saudi Aramco's capital expenditure guidance for 2025 remains in the range of $52 billion to $58 billion, representing a year-on-year increase of 3% to 15%, indicating sustained demand for oilfield equipment [3] Opportunities for Companies - Companies like Neway and Jereh are positioned to benefit from the surge in Middle Eastern orders due to their technological advantages and market access [4] - Neway has successfully established direct supply relationships with Saudi Aramco and is expanding local production capacity in Saudi Arabia, anticipating significant growth in orders from the region [4] - Jereh has built brand recognition in the Middle East through successful project completions and is well-aligned with the demand for gas compression systems planned by Saudi Aramco [4] Investment Recommendations - The report recommends investing in Jereh, which is expected to see a surge in Middle Eastern orders, and Neway, which is projected to maintain steady growth due to its proactive capacity planning [5]