Saudi Aramco to award $2.4bn contract to Spain’s TR

Riyadh - Mubasher: Saudi Aramco is close to awarding a contract to Spanish engineering group Tecnicas Reunidas (TR), Reuters reported on Tuesday.

Industry sources told the news agency that the Spanish company has received a letter of intent from Aramco.

TR offered the lowest bid, estimated at around $2.3 to 2.4 billion, to build the gas compressor stations that will help boost gas supplies from Haradh and Hawiyah.

The contract is expected to be signed in upcoming weeks, according to Reuters.

 

Mubasher Contribution Time: 07-Nov-2017 22:27 (GMT)
Mubasher Last Update Time: 07-Nov-2017 22:27 (GMT)