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Nesr sets lithium target
“Nesr” aims to produce between 20,000 and 30,000 tonnes of lithium annually in Saudi Arabia, after completing technical tests and moving to an expanded pilot phase to assess the project’s economic viability and the marketability of its output. Lithium concentrations in some Saudi waters range from 300 to 400 parts per million. Under its agreement with Saudi Aramco, the company is targeting annual production of 2,000 tonnes of lithium carbonate by late 2027. Nesr is also considering Egypt and Oman as potential locations for expanding its oil-storage facilities—not for lithium production.
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