Middle East Economic Survey

VOL. LIV

No 6

7-Feb-2011

SAUDI ARABIA

Wasit Gas Plant Contracts Awarded By Saudi Aramco

Saudi Aramco announced on 25 January that it has awarded a number of contracts for its Wasit Gas Project to South Koreas SK Engineering and Construction and Samsung Engineering. The combined value of the contracts was $2.5bn, according to Reuters. The project is part of the kingdoms push to meet escalating domestic demand for gas, propelled by its increased use in power...