Fluor Daniel Awarded Contract For Yanpet-2Expansion
Fluor Daniel of the US announced on 6 May that it had won a contract from theSaudi Yanbu' Petrochemical Company (Yanpet) to double the capacity of the latter's complex inYanbu'. The installed cost is around $2bn. Yanpet is a 50/50 joint venture between MobilYanbu' Petrochemical Company, a subsidiary of Mobil Corporation of the US, and the Saudi BasicIndustries Corporation (SABIC). Fluor Daniel's petroleum...