Aramco Eyes Major Gas Plant Project with Global Partners

Tecnicas Reunidas (ES:TRE) has released an update.

Aramco is set to advance in the energy sector by partnering with Técnicas Reunidas and Sinopec in a non-binding letter of intent for the development of three gas compression plants in Saudi Arabia’s Jafurah gas field. The potential collaboration, worth an estimated $2.24 billion, also includes enhancements to the region’s electrical and water pumping infrastructure. This ambitious project would span approximately 44 months and engage over 400 engineers.

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