VOL XL

No. 03

20-January-1997

SAUDI ARABIA

Foster Wheeler Wins PMC For Rabigh Refinery Upgrade

Foster Wheeler of the US is understood to have won outin the bidding for a contract to provide program management services for the $1.79bnRabigh refinery upgrade project. Bids on this first phase of the downstream project weresubmitted by four international contractors on 21 December. Foster Wheeler is thought tohave prevailed over its competition with a bid submission of $182mn, significantly below...