Aramco awards $3.3B gas facility contracts to Sinopec, Tecnicas Reunidas

22/01/2024 Argaam
Logo ofSaudi Aramco

Logo of Saudi Aramco

Saudi Aramco awarded contracts worth $3.3 billion to Spain’s Tecnicas Reunidas and China’s Sinopec to build a new natural gas liquids (NGL) facility in Saudi Arabia.

 

Tecnicas Reunidas will have a 65% share in the joint venture, while Sinopec will own the remaining 35%, according to a disclosure on the National Securities Market Commission (CNMV).

 

The project will cover the engineering, procurement, and construction (EPC) works for the development of new NGL fractionation facilities in the Kingdom.

 

The scope of works includes execution of Riyas NGL Fractionation Trains (Package 1) and Riyas NGL Common Facilities (Package 2), which covers utilities, storage and export facilities.

 

The primary objective of the project is to enable the fractionation of NGLs, thus producing ethane, propane, butane and pentane.

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