By ANNA PEREZ
MADRID -- Spanish engineering company Técnicas
Reunidas SA said Thursday it has been awarded two projects worth $900 million, its
biggest contract so far this year, by state-owned Saudi Arabian
Oil Co, better known as Saudi Aramco.
Tecnicas Reunidas will build a hydrocracker plant and a
diesel hydrotreater facility for an upcoming 400,000 bpd refinery and marine terminal project that Saudi Aramco is
developing at Jazan, in the kingdom's southwest region on the
Red Sea coast, the company said in a statement.
The facilities are scheduled to be
operational by the beginning of 2017. The hydrocracker plant
will be one of the largest in the world and the second largest
in Saudi Arabia.
The Jazan complex will provide refined products for the
domestic market, which is facing rapidly rising demand.
Saudi Arabia, the Middle East's biggest economy, has seen its
domestic energy requirements surge in recent years as the
government spent oil revenues on new industries and
infrastructure to diversify the local economy and to
accommodate the kingdom's growing population.
The contract is Técnicas Reunidas' fourth from
Saudi Arabia during 2012. The value of the three previously
awarded projects amounted to $1.6
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