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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.
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