Saudi Aramco signed a land lease agreement with McDermott Arabia Company on Tuesday to establish an engineering, procurement, construction, and installation facility in the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia.
A joint press release said that Aramco signed the lease with McDermott Arabia, a subsidiary of McDermott International Inc, to establish a fabrication facility that will be used for large scale fabrication of offshore platforms and onshore/offshore modules.
Saudi Aramco Senior Vice President of Technical Services, Ahmad Al Sa’adi said the facility would serve as a major engineering, procurement, construction, and installation hub not only the Kingdom, but for the GCC region.
Also Read
-
Saudi Aramco inks $10 bln refining, petrochemicals projects with China
State-owned Saudi Aramco has signed an agreement to form a joint venture with Chinese defense conglomerate Norinco to develop a refining and ... Energy -
Saudi Aramco to decide on how to finance SABIC buy
Saudi Aramco said on Wednesday it expects to decide by mid-2019 how to finance the acquisition of Saudi Arabian Basic Industries Corp (SABIC). &ldquo ... Energy -
Saudi Aramco, Egypt’s SUMED sign oil storage deals
Saudi Aramco’s trading arm, Aramco Trading Company (ATC), signed a deal with Egypt’s SUMED to provide 222,000 cubic metres of gas oil ... Energy -
Saudi Aramco eyes multi-billion-dollar US gas acquisitions: CEO
Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend ... Energy
