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FINANCIAL NEWS
Saudi Aramco to open bidding round for two gas plants
17 May 2010
(MENAFN) Saudi Aramco has invited Saudi firms to start the qualification process to compete for deals to set up the Wasit and Shaybah gas plants, Reuters reported.
The plants would boost the country’s gas capacity in a bid to meet domestic demand growth of nearly 7 percent per year.
Industry sources said that Wasit is expected to be the largest gas plant in the Kingdom, with capacity to process 2.5 billion cubic feet per day. It is expected to process gas from two non-associated offshore gas fields.
Companies interested in contracts have until May 19 to submit their paperwork for prequalification. Saudi Aramco has set May 25 as the deadline for documents to qualify to bid for a new natural gas liquids (NGL) plant at the 750,000 barrels per day (bpd) Shaybah oilfield, industry sources said.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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