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FINANCIAL NEWS
Punji Lloyd unit wins Saudi Aramco contract
16 Sep 2010
(MENAFN) India’s Punj Lloyd said that its Saudi unit Dayim Punj Lloyd has secured a contract from Saudi Aramco for construction of a pipeline, without revealing the value of the deal, Reuters reported.
The company will also handle associated custody metering systems, electrical, instrumentation and control systems. The order will be executed over a period of 36 months.
Once operational, the Red Sea Refinery will process 400,000 barrels per day (bpd) of heavy crude and produce 90,000 bpd of gasoline, 263,000 bpd of ultra low sulfur diesel, 6,300 metric tons per day (MTPD) of coke and 1200 MTPD of sulfur, the company said.
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