Middle East Economic Survey

VOL. L

No 15

9-Apr-2007

SAUDI ARABIA

Saudi Aramco Awards Stroytransgaz $100Mn Pipeline Contract

Saudi Aramco on 31 March signed a $100mn contract with Stroytransgaz, the construction arm of Russias Gazprom, to build an oil pipeline in the Rubal-Khali. The planned Shaybah-Abqaiq oil pipeline will stretch for more than 200km and construction is expected to start in June, with completion scheduled in 18 months. This contract is the first awarded to a Russian contractor to...