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FINANCIAL NEWS
Four int’l firms bid Saudi Aramco’s project
30 Aug 2014
(MENAFN) Four companies have expressed interest in bidding for work on Aramco”s gas project in Saudi Arabia as the Kingdom encourages plans to develop challenging shale deposits, Arab News reported.
The companies are South Korea”s GS Engineering and Construction, Italy”s Maire Tecnimont, Japan”s JGC and Canada”s SNC-Lavalin, industry sources told Reuters.
Aramco”s project will involve building processing facilities, wellheads and pipelines for the gas in Turaif in the northern part of Saudi Arabia where the big mining project Waad Al-Shamal is under development.
Aramco plans to produce as much as 200 million cubic feet per day of unconventional natural gas by 2018 to supply the Waad Al-Shamal project and a power plant.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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