Middle East Economic Survey
Contractor Bids Encouraging Saudi Aramco To Go It Alone On Yanbu'
Following ConocoPhillipss exit from the 400,000 b/d Yanbu refinery project, Saudi Aramco is considering implementing it by itself in order to lock in attractive bids from engineering, procurement and construction (EPC) contractors. Saudi Aramco was pleasantly surprised by the EPC bids, which came in more than 10% below its estimates, MEES understands. Total project...