NESR Signs ~$200M Aramco Deal for Saudi Arabia's First Lithium Project
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Dhahran, Saudi Arabia – October 08, 2026 -- National Energy Services Reunited Corp. (NESR) has signed an agreement with Aramco worth up to approximately $200 million over five years to execute the Aramco 2027 Lithium Demonstration Project, marking Saudi Arabia's first lithium production initiative.
Project targets 2,000 tons of battery-grade lithium carbonate annually
The facility aims to produce 2,000 tons per annum (tpa) of battery-grade lithium carbonate, with commissioning and production start planned for late 2027. NESR's business segment, NESR Environmental and Decarbonization Applications (NEDA), will execute the turnkey project.