Gulf Oil and Gas accountACCOUNT

Aramco Awards Yanbu Refinery Works to Tecnicas

Source: Bloomberg 7/28/2010, Location: Middle East

Share |
Saudi Aramco, the biggest state- owned oil company, awarded contracts at the planned 400,000 barrel-a-day Yanbu refinery in Saudi Arabia to companies including Tecnicas Reunidas SA and Daelim Industrial Co. Tecnicas Reunidas will do work on the coker unit, Daelim will build the gasoline and hydrocracker units and SK Engineering & Construction Co. will work on the crude unit, Saudi Arabia’s state oil company said today in a statement. Tecnicas said separately it got $700 million contract. “Signing these contracts represents a critical milestone,” Motassim Al-Ma’ashouq, Aramco’s executive director of new business development, said in the statement.

Aramco is boosting refining capacity to meet demand at home even as returns from processing crude oil have narrowed, Chief Executive Officer Khalid al-Falih said in January. The plant will cost $10 billion to $12 billion, John Sfakianakis, chief economist at Riyadh-based Banque Saudi Fransi said in April. Punj Lloyd Ltd. also won a contract to work on offsite facilities while local contractors will install electrical lines, pipelines and storage tanks, Aramco said. More contracts may be awarded over the next few months, it said.

Petrochemicals News in Saudi Arabia >>

Iran >>  7/28/2018 - Having the last turbo expander launched, SP20&21 ethane production met its final capacity. While all four turbo expanders of the Unit 105 launched, Al...
Netherlands/Holland >>  7/26/2018 - LyondellBasell (LYB) one of the world's largest plastics, chemical and refining companies, announced the cooperation with Karlsruhe Institute of Techn...

Russia >>  7/26/2018 - Gazpromneft Bitumen Materials, operator of the Gazprom Neft bitumens business, has acquired a high-technology manufacturing—logistics terminal (TA Bit...
Algeria >>  7/24/2018 - Sonatrach is in talks with oil majors and trading firms to start a trading joint venture after the Algerian state energy company reached a deal this y...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

Oil & Gas Projects in Saudi Arabia >>

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.