02/05/2017 15:31 AST

SNC-Lavalin has been awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Program.

New facilities are proposed at Saudi Aramco's Abu Ali and Khursaniyah plants to process a potential increased output of Arabian Light crude from the Berri Field on the east coast of Saudi Arabia.

SNC-Lavalin's scope of work includes front end engineering design (FEED) for a new 250 000 bbl of oil per calendar day gas oil separation plant at the existing Abu Ali gas plant, as well as additional facilities at the Khursaniyah gas plant that will process 40 million bbl/d of hydrocarbon condensate, all associated with the Berri Crude Increment.

Saudi Aramco may also utilise SNC-Lavalin to provide technical support services for the construction phase.

The FEED project is due to begin this month and the pre-EPC construction stage services are expected to be completed by August 2018.

Martin Adler, President, Oil & Gas, SNC-Lavalin, said: "To be selected by Saudi Aramco for this important project demonstrates our client's continued confidence in our ability to provide a highly qualified multi-disciplinary design team combined with world-class project management credentials and local constructability expertise [.] SNC-Lavalin has worked with Saudi Aramco for nearly 40 years and has maintained an impressive track record of safely and successfully delivering projects. This contract award shows the depth of our commitment to customer relations in Saudi Arabia and the region as a whole."


Hydrocarbon Engineering

Market rules ready for Aramco listing 'by end of June'

30/03/2018

Saudi Arabia expects to unveil by the end of June rules to prevent large share price drops in newly-listed companies, the final regulatory step for the listing of oil giant Saudi Aramco, the head of

Arab News

Aramco, Petronas form 2 Rapid project JVs

30/03/2018

Petroliam Nasional Berhad (Petronas), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, have announced the formation of two joint ventures for the Refi

Trade Arabia

Saudi Aramco finalizes refinery deal with Malaysia's Petronas

29/03/2018

Saudi Aramco finalized a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia.

The Saudi oil giant agreed

Arab News

Ticker Price Volume
NAYIFAT 13.94 229,739
ALRAZI 43.00 800
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297
ABC 0.35 370,000
A.OTHAIMMARKET 11.90 545,416
ZAINKSA 10.82 1,868,409
SAUDIARAMCO Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ABAR 138.00 2.00 (1.47%)
ADNOCGAS 3.14 0.00 (0.00%)
ADNOCDRILL 4.68 0.04 (0.86%)
ADES 20.08 0.10 (0.50%)
BAHRI 28.25 0.05 (0.17%)
EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula