Saudi Arabian Refineries Company announced on October 12, 2025, the signing of a non-binding Memorandum of Understanding with UAE-based GO Energy Company to develop a green hydrogen (ammonia) project in Saudi Arabia. The MoU, signed on October 11, 2025, establishes a one-year framework for conducting joint studies and designing legal cooperation structures. The company stated there is no financial impact from this memorandum, which aligns with its strategy to expand energy services through specialized partnerships in the energy sector.

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