Saudi Arabia downstream news

The joint venture will purchase gasification assets, power block and associated utilities in Jazan Economic City from Saudi Aramco for over US$8 billion.

Saipem has been awarded contracts worth approximately US$800 million in total.

Saudi Aramco and SABIC have awarded a contract to KBR for the development of part of a crude-oil-to-chemicals complex.

McDermott International Inc. has been awarded a contract for engineering, procurement and construction of storage tanks.

Saudi Aramco has responded to media speculation regarding its interest in acquiring an ownership position in the Saudi Basic Industries Corp.

Jacobs Engineering Group Inc. has been awarded a three-year, general engineering services contract from Yanbu Aramco Sinopec Refining Co. Ltd.

Jacobs and Expertise Contracting Co. have signed a plant maintenance and turnaround Memorandum of Understanding in the Kingdom of Saudi Arabia.

The contract covers the design, engineering, material specifications and procurement for two 7-kilometre special material pipelines that will transport ethylene oxide (EO) and propylene oxide (PO) from Sadara plants to PlasChem Park, a collaborative effort between Sadara and the Royal Commission for Jubail and Yanbu (RCJY).

Saudi Aramco has partnered with Sutherland and Imam Abdulrahman Bin Faisal University for a social development programme for women in Saudi Arabia.

SABIC and ExxonMobil have created a new joint venture to advance the development of a Gulf Coast Project.