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Saudi Aramco awards Tecnicas and Daelim Industrial contracts

Petrochemicals

Saudi Aramco awarded contracts at the planned 400,000 bpd Yanbu refinery in Saudi Arabia to companies including Tecnicas, Reunidas SA and Daelim Industrial Co.

Tecnicas Reunidas will do work on the coker unit, Daelim will build the gasoline and hydrocracker units and SK Engineering & Construction Co. will work on the crude unit, Saudi Aramco said in a statement. The Tecnicas deal is worth US$700mn.

“Signing these contracts represents a critical milestone,” Motassim Al-Ma’ashouq, Aramco’s executive director of new business development, said in the statement.

Daelim’s contract to build the main cracker is worth US$920.3mn

Punj Lloyd Ltd. also won a contract to work on offsite facilities while local contractors will install electrical lines, pipelines and storage tanks, Aramco said.

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