Ineos to build three plants within Saudi Arabia's Jubail 2 complex
4th June 2019
According to *Constructionweekonline news report, UK chemicals company Ineos signed a memorandum of understanding with Saudi Aramco and France’s Total to build three plants within Saudi Arabia's Jubail 2 complex in a $2bn (SAR7.5bn) investment, adding that the location would give the company access to competitive raw materials and energy and solid infrastructure.[..]
Saudi Aramco IPO to go ahead by 2021
7th March 2019
According to *Arabian Business news report, Saudi Aramco, the world’s biggest oil company, is expected to launch its long-awaited initial public offering within two years, an Arab newspaper reported, citing comments from Khalid A. Al-Falih, the minister of energy, industry and mineral resources.[..]
McDermott wins two EPCI contracts from Saudi Aramco
26th February 2019
According to *Constructionweekonline news report, Texas, US-based contractor McDermott slipped into the red with a $2.7bn full-year loss for 2018, but is off to a strong start in 2019 after announcing it has won two engineering, procurement, construction, and installation (EPCI) contracts from Saudi Aramco.[..]
Saudi Aramco,Total sign agreement for construction of 80,000-tonne state-of-the-art PIB plant
1st February 2019
According to *Tradearabia news report, state oil giant Saudi Aramco and its partner Total have signed an agreement with South Korean petrochemical company Daelim for the construction of a new 80,000-tonne state-of-the-art polyisobutylene (PIB) plant, which is likely to come on-stream in 2024.[..]
Saudi Aramco to retain exclusive rights to develop Saudi Arabia’s oil reserves
28th January 2019
According to *Arabian Business news report, Saudi Aramco plans to retain exclusive rights to develop Saudi Arabia’s oil reserves even as the kingdom prepares a multi-billion dollar plan to open up to foreign investment.[..]
Saudi Aramco signs MoU with Dewa to foster collaboration in new energy
25th January 2019
According to *Tradearabia news report, state oil giant Saudi Aramco has signed a Memorandum of Understanding (MoU) with Dubai Electricity & Water Authority (Dewa) to foster collaboration in new energy, smart grid applications and management of power supply.[..]
Saudi Aramco awards two EPC contracts to Saipem
21st January 2019
According to *Constructionweekonline news report, state-owned energy giant Saudi Aramco has awarded two engineering, procurement, and construction (EPC) contracts to Italian oil and gas heavyweight Saipem.[..]
Sadara Chemical Company signs agreement to build industrial waste to energy facility in PlasChem Park
14th December 2018
According to *Tradearabia news report, Sadara Chemical Company, a joint venture between state oil giant Saudi Aramco and The Dow Chemical Company, said it has signed an agreement with Veolia Middle East, a Paris-based group and world leader in resource management and recovery, for the construction and operation of a sustainable industrial waste to energy facility in PlasChem Park, the unique industrial park adjacent to the Sadara Chemical Complex.[..]
No data stolen after Saipem suffered cyberattack
12th December 2018
According to *Constructionweekonline news report, no data was stolen after Saudi Aramco and Duqm Refinery contractor Saipem suffered a cyberattack on 10 December. Some of its servers were attacked and data back-ups are safe, but it could take several days to restore the compromised network, a spokesperson for the engineering, procurement, and construction (EPC) heavyweight told Construction Week. [..]
Saudi Arabia’s Crown Prince unveils King Salman Energy Park (Spark)
11th December 2018
According to *Constructionweekonline news report, Saudi Arabia’s Crown Prince, HRH Mohammed Bin Salman, unveiled King Salman Energy Park (Spark), a Saudi Aramco megaproject, on 10 December, 2018. Spark will generate 100,000 direct and indirect jobs and contribute up to $6bn (SAR22bn) to the kingdom’s gross domestic product by 2035, in line with the Saudi Vision 2030 programme.[..]