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FINANCIAL NEWS
Saudi Aramco extends bids for Wasit gas plant
03 Sep 2010
(MENAFN) State oil giant Saudi Aramco has extended the closing date for bids to build the kingdom’s largest gas plant, Reuters reported.
The due date to submit bids for the onshore packages has been pushed to Oct. 24 from a September deadline, sources said. Wasit would be designed to process up to 2.5 billion cubic feet per day (cfd) of gas from the Arabiyah and Hasbah offshore sour gas fields.
After completing a crude oil capacity expansion plan last year, the world’s top oil exporter has focused on developing gas production to meet rapidly rising domestic demand.
Aramco has given no cost estimate for the Wasit plant, but industry sources said it would cost between $6 billion and $8 billion.
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