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Market Move·Mining

Saudi Arabia Lithium Extraction Project Set for 2027

Nabarun Chakraborty
Nabarun Chakraborty·Oct 8, 2026·1 min read
Saudi Arabia Lithium Extraction Project Set for 2027

Saudi Aramco has awarded National Energy Services Reunited (NESR), a US oilfield services provider, a contract to set up Saudi Arabia’s first lithium extraction project.

The five-year deal is valued at almost $200 million, according to NESR. Production is expected to begin in late 2027, with a target of 2,000 tonnes per year of battery-grade lithium carbonate.

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What NESR does

NESR will use modular solutions to condition brine feedstock and extract lithium through a single, integrated process, enabling rapid and scalable deployment.

Lithium is a major component in the energy transition chain, including electric vehicles, energy storage and renewables.

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