30 June 2009 16:38 [Source: ICIS news]
Invitation for bid notices for the early work and major packages had been issued to prequalified local and international contractors, with first contracts expected to be awarded in November, the companies said.
“Market improvements have provided a good opportunity to reactivate the bidding process for the Yanbu export refinery project,” said Khalid Al-Buainain, Saudi Aramco senior vice president for refining, marketing and international.
A start-up time was targeted for the third quarter of 2014, the companies said.
The refinery would, if realised, process Arabian heavy crude supplied by Saudi Aramco.
Earlier this month, Saudi Aramco and French energy major Total awarded contracts for a planned $9.6bn (€6.8bn), 400,000 bbl/day joint-venture refinery at Al-Jubail, Saudi Arabia.
($1 = €0.71)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections