VOL. XLVI

No 51/52

22/29-December-2003

SAUDI ARABIA

Saudi Aramco To Launch Four IPP Projects

Saudi Aramco announced on 12 December that it was launching a new investment program involving the establishment of cogeneration plants at four of its sites in the Eastern Province on a build, own, operate and transfer (BOOT) basis. The company will connect the four new projects, which will have a total value of more than SR2bn ($533mn), to its existing oil and gas facilities. Together they will produce...