Aramco to award USD 2.2 bn contract for work on gas compression plants at Jafurah
The project will take 44 months to complete
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The project will take 44 months to complete
The transaction is worth SAR 596 mn
Plus: An energy storage project by China’s Sungrow is set to be delivered this year
The issuance of amortizing bonds would serve as a long-term method to refinance the bridge loan
Aramco can offtake hydrogen and nitrogen as part of the transaction
The Kingdom is seeking the localization of the production of 75% of renewable energy components by 2030
Saipem said the projects would “consolidate its positioning in the Middle East”
Plus: Management consultancy Arthur D. Little opens regional HQ at Kafd
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