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FINANCIAL NEWS
Giant companies eye mega projects in Saudi
28 Jul 2016
(MENAFN) Foreign engineering firms have bid to construct Saudi Aramco’s clean fuels project at the state oil giant’s Ras Tanura refinery, industry sources told Reuters.
In detail, the bid deadline was July 17 for the USD2 billion-plus scheme which is set to remove sulphur from refined oil products, the sources added.
Moreover, the project contains two phases, one which includes the clean fuels units and the other for the supporting utilities and off-sites.
Firms which bid for both packages, sources revealed, were Japan’s JGC, South Korea’s GS, Hyundai Engineering and Construction and Samsung Engineering and Spain’s Tecnicas Reunidas.
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