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By Reuters Staff 1 Min Read (Reuters) - Maire Tecnimont has won a $500 million engineering, procurement and construction lump sum turnkey contract related to the set up of two polypropylene units in Saudi Arabia, the Italian oil services group said in a statement on Tuesday. The contract was awarded to Maire’s units Tecnimont SpA and Tecnimont Arabia Limited by Advanced Global Investment Company (AGIC), a unit of Saudi Arabia-based petrochemical company Advanced Petrochemical. The polypropylene units will each have a capacity of 400,000 tonnes per year and will be located in an industrial complex in the city of Jubail, the company added. The project is expected to be completed by the second quarter of 2024. ....
Maire Tecnimont wins $500m Saudi petchem units contract RIYADH, 4 hours, 52 minutes ago Maire Tecnimont said it has secured a $500-million engineering, procurement and construction lumpsum turnkey contract from Advanced Global Investment Company (AGIC) for the establishment of two polypropylene units in Saudi Arabia.
A leading Italian oil services group, Maire Tecnimont said the contract was awarded to its subsidiaries Tecnimont and Tecnimont Arabia. The scope of work includes complete engineering services, equipment and out-of-kingdom material supply (to be performed by Tecnimont) and in-kingdom material supply, erection and construction activities up to start up and guarantee test run (to be performed by Tecnimont Arabia). ....
- New USD 500 million petrochemical... euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
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Maire Tecnimont wins $500mln order in Saudi Arabia, shares rise zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.