Aramco Awards $7.7 Billion in Contracts to Expand Fadhili Gas Plant Capacity

By Pierre Bertrand

Saudi Arabian Oil Co. awarded $7.7 billion worth of engineering, procurement and construction contracts to expand the capacity of its Fadhili gas plant.

The Saudi oil and gas company, known as Aramco, said Tuesday that it awarded the contracts to Samsung Engineering Company, GS Engineering & Construction Corporation, and Nesma & Partners.

The funds will go toward adding 1.5 billion cubic feet a day to the plant's processing capacity, bringing it to 4 billion cubic feet, Aramco said.

The plant's expansion is also expected to add an additional 2,300 metric tons a day to sulphur production once work is completed by November 2027, the company said.

"The expansion also supports our ambitions to develop a lower-carbon hydrogen business, while associated liquids from gas are an important feedstock for the petrochemical industry," Aramco's executive vice president of technical services, Wail Al Jaafari, said.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

April 02, 2024 09:59 ET (13:59 GMT)

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