Saudi Aramco and Total have awarded engineering, procurement and contracting (EPC) contracts worth $9.6bn, Arab News reported.

The contracts have been awarded to 13 companies for the construction of the 400,000bpd Jubail export refinery.

The project, which is to be fully operational by the second half of 2013, will process Arabian heavy crude. The project was postponed as the two companies looked to capitalise on lower construction costs and bring the total cost to less than $10bn.

The agreements were signed by Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture between Saudi Aramco and Total.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData