Saudi Aramco awards $7.7 billion in contracts for gas plant expansion
Saudi Aramco on Tuesday awarded engineering, procurement and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia. Aramco awarded EPC contracts to Samsung Engineering Company, GS Engineering & Construction Corporation, and Nesma & Partners. The project is expected to increase the plant's processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). The company said the expansion will contribute to the company's strategy to raise gas production by more than 60% by 2030, compared to 2021 leve...