16 September 2009 - Dammam 7 Petrochemicals has signed a programme
management agreement with Aker Solutions for the Dammam 7 acrylic
acid and acrylates complex to be realised in the Jubail 2 Industrial
area in Saudi Arabia. Under the agreement, Aker Solutions will
provide pre- front end engineering and design and programme
management services for the project.

"We are very pleased to consolidate our cooperation and we look
forward to working together with Aker Solutions in the development of
this project, the first of our petrochemical complexes that will
reside in the newly established industrial zone of Jubail 2," said
Mr. Mohammed Al Saidi, CEO of Dammam 7.

"The Middle East is a key region for us, particularly Saudi Arabia,
where we are committed to growing our presence long-term and also
recently established a partnership with ACEC (Arabian Consulting
Engineering Centre)," said Johan Cnossen, senior vice president, Aker
Solutions' Process and Construction business area. "This new
agreement with Dammam 7 is an exciting opportunity for us and
recognises the strong capabilities we have established on projects in
the region. We are confident this long-term partnership approach will
provide the best base for the highest degree of success in the
development of the project."

The complex will include a world scale acrylic acid plant, plants for
the production of syngas, butanol, acrylic esters, together with
integrated utilities and offsite facilities. Both entities are
committed to establishing a long term partnership and to making full
use of the resources needed to provide a state-of-the-art, safe,
reliable and highly efficient facility that is delivered on schedule
and meets all of the current environmental regulations.

Established in 2004, Dammam 7 Petrochemicals is owned by Saudi
shareholders led by the Kanoo Group, and was created to invest in and
develop downstream petrochemical projects. Recently Dammam 7 secured
the propylene feedstock for its acrylic acid and acrylates complex.

ENDS

Contacts:
Dammam 7 Petrochemicals
Saudi Arabia, Mr Mohammed H. Al-Saidi, CEO and President, Dammam 7
Petrochemicals. Tel: +96638931188, email: mohammed@alsaidi.com

Aker Solutions
Media: Vanessa Mourant, Aker Solutions. Tel: +44 (0)20 8545 0270,
Mobile: +44 (0)7771 806566
Investor Relations:  Lasse Torkildsen, SVP Investor Relations, Aker
Solutions. Tel: +47 67 51 30 39, Mobile: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for
this project, please contact: Rodger Liang, VP Supply Management,
Process & Construction, Aker Solutions, Tel:  +86 10 640 966 36

Career opportunities:
Visit http://www.akersolutions.com/Internet/CareerCentre

Notes to editors:
Aker Solutions ASA, through its subsidiaries and affiliates
("Aker Solutions"), is a leading global provider of engineering and
construction services, technology products and integrated
solutions. Aker Solutions' business serves several industries,
including oil & gas, refining & chemicals, mining & metals
and power generation. The Aker Solutions group is organised in a
number of separate legal entities. Aker Solutions is used as the
common brand/trademark for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA.
 Aker Solutions has aggregated annual revenues of approximately NOK
58 billion and employs approximately 23 000 people in about 30
countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier
companies with a focus on energy, maritime and marine resource
industries. The Aker companies share a common set of values
and a long tradition of industrial innovation. Through its
majority-owned holding company Aker Holding AS, Aker controls 40.27
percent of the shares in Aker Solutions, and takes an active role in
the development of the company.

Aker Solutions' Process and Construction business area is a world
leader in the project management, design and construction of major
projects spanning refining, petrochemical processing, liquefied
natural gas (LNG), metals and mining, power generation, nuclear
clean-up, and acid plants.  From initial concept through technology
development, process technology application, design, procurement,
construction, commissioning, operations, maintenance, modification
and decommissioning, we provide our customers with the full life
cycle of services.  Process and Construction provides sound local
expertise, combined with the depth and strength of global project
operations.

 This press release may include forward-looking information or
statements and is subject to our disclaimer, see
www.akersolutions.com


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.



Copyright © Hugin AS 2009. All rights reserved.