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FINANCIAL NEWS
Jacobs wins PMC contract for USD1b Saudi Luberef project
13 Feb 2013
(MENAFN) Saudi Aramco Lubricating Oil Refining Co. (Luberef) has awarded Jacobs Engineering Group Inc. a contract to provide project management consulting (PMC) services for an expansion project at its lube oil refinery in Yanbu, Saudi Arabia, Jacobs said in a press release.
Under the terms of the agreement, Jacobs will provide PMC services for both inside battery limits (ISBL) including a new lube oil unit, a new sulfur complex, a new hydrogen manufacturing unit, and an expansion of the propane de-asphalting unit.
It will also provide outside battery limits (OSBL) including all utilities, tanks and infrastructure.
Jacobs’ Leiden, Netherlands office is managing the overall project estimated at approximately USD1 billion, in collaboration with Jacobs’ offices in Al Khobar, Saudi Arabia and other locations.
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