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 >>

Azerbaijan >>  2/21/2018 - SOCAR Methanol, a subsidiary of SOCAR, branched out into a new type of product - analytical methanol, kick starting the production of first end consum...
Iran >>  2/21/2018 - Iran is about to launch three major petrochemical projects which will add at least 146,000 tons to the country's annual production capacity. The downs...

Russia >>  2/15/2018 - LUKOIL and the Ministries of Transport and Roads of three regions, Rostov, Krasnodar, Stavropol, signed agreements on bitumen supplies, at the Russian...
Russia >>  2/15/2018 - Valery Golubev, Deputy Chairman of the Gazprom Management Committee, and Dmitry Konov, Chairman of the Management Board of SIBUR Holding, today signed...

Russia >>  2/7/2018 - President of LUKOIL Vagit Alekperov and the Governor of Stavropol Region, Vladimir Vladimirov, visited the company's wholly owned petrochemical factor...
Russia >>  11/28/2014 - The Board of Directors of Gazprom Neft has reviewed information on the progress of the modernisation of the company’s oil refining facilities, and the...

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. - Privacy Policy.