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.