Aramco awards $3.3bn gas facility contracts to Sinopec and Tecnicas Reunidas

RIYADH: Aramco has awarded contracts worth more than $3.3 billion to Chinese company Sinopec and Spain’s Tecnicas Reunidas to build a gas facility in Saudi Arabia.

According to a disclosure on the Spanish Stock Exchange, Sinopec will own 65 percent of the project and Tecnicas Reunidas will have a 35 percent share.

The contract includes the development of a new natural liquids fractionation facility in Saudi Arabia called Riyas natural gas liquids.

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