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Stock impact report

Baker Hughes (BKR) Fuels Saudi Arabia's Gas Infrastructure [Yahoo! Finance]

Baker Hughes Company (BKR) 
Company Research Source: Yahoo! Finance
This latest development marks a significant step forward in the Kingdom's efforts to enhance its energy infrastructure and reduce carbon emissions. Advancing Gas Distribution Infrastructure Baker Hughes has been entrusted by Worley, acting on behalf of Aramco, to provide essential equipment for the Master Gas System project. The company's role includes supplying 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbines. These compressors are crucial components for the new 4,000-kilometer pipeline, which is set to bolster the distribution of gas across Saudi Arabia. Building on Past Success This recent award builds upon Baker Hughes' successful engagement in Phases 1 and 2 of the Master Gas System Project. In those phases, the company delivered 18 centrifugal compressors driven by aeroderivative gas turbines, demonstrating its expertise and reliability in executing complex gas infrastructure projects. Supporting Saudi Arabia's Energy Transitio Show less Read more
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