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Al-Masafi ends MoU with AGER Energy
The Saudi Arabian Refineries Company (Sarko) announced that the non-binding memorandum of understanding previously established with AGR Renewable Energy has concluded without reaching a final agreement, and this has not resulted in any financial or legal obligations on the company. The memorandum was intended to explore the possibility of purchasing the green ammonia plant in Jazan, but negotiations did not lead to a definitive contract, meaning the project was not implemented. This development does not affect the company's financial position or operational results.
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