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FINANCIAL NEWS
Saudi Aramco, China’s SEPCO inks major gas contract
18 Nov 2015
(MENAFN) SEPCO, Chinese Shandong Electric Power Construction Co., has signed a deal with Saudi Aramco to construct a gas compressor station, based on reports.
This project comes as a part of the expansion of Saudi Arabia’s main gas pipeline, in addition to other related schemes to meet the growing domestic demand.
The project, known as Master Gas System 2, will increase the system’s volume to 12.5 billion cubic feet of gas a day (cfd) by 2018 from 8.4 billion cfd currently.
The original Master Gas System was constructed in the mid-1970s to gather and process associated gas from oil wells for use by variant domestic industries.
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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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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