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FINANCIAL NEWS
Saudi Aramco sets new date for gas plant bids
24 Oct 2010
(MENAFN) Saudi Aramco said that it has given engineering firms a fresh date to submit bids to build Saudi Arabia’s biggest gas plant, Reuters reported.
Aramco said that Wasit would be designed to process 2.5 billion cubic feet per day (cfd) of gas from the offshore non-associated gasfields Arabiyah and Hasbah and produce around 1.75 billion cfd of sales gas.
The world’s top oil exporter is focusing on developing its gas production to cater for rising domestic demand after it completed a massive program last year to expand its crude oil output capacity.
Construction of the plant is split into four packages that include a gas unit, a cogeneration power plant, a sulphur recovery unit with utilities and natural gas liquids (NGL) fractionation facilities.
NGL facilities call for the processing of 240,000 bpd of ethane and NGL stream produced at Khursaniyah, Aramco said.
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