FINANCIAL NEWS

Saipem launches four projects in Saudi, Brazil

08 May 2014

(MENAFN) Saipem has been granted four new engineering and construction contracts in Saudi Arabia and Brazil, according to Arab News.

The contracts were estimated at USD4 billion, said the company.

Three of the contracts were awarded by Saudi Aramco for onshore engineering and construction activities.

Two EPC contracts relevant to the Jazan Integrated Gasification Combined Cycle project are to be located near the city of Jazan.

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