Saudi Aramco signs contracts to build Fadhili gas project
The contracts are expected to permit completion of the $13.3 billion project by the end of 2019
State oil giant Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project, the company announced at a press conference on Wednesday.
The contracts, with firms including Saudi Electricity Co and France’s Engie, are expected to permit completion of the 50 billion riyal ($13.3 billion) project by the end of 2019, the company said. Other contracts for the project were signed late last year.
The plan for Fadhili includes a 1,500-megawatt power plant. The project is to boost Saudi gas production capacity to more than 17 billion standard cubic feet by 2020.