Saudi Aramco has asked interested companies to submit cheaper offers to build parts of a complex to supply energy to an oil refinery at Jazan, industry Reuters has reported, citing industry sources. A total of 14 companies bid in October for four packages to build elements of a 2,400 megawatt (MW) integrated gasification combined cycle (IGCC) plant at the refinery. “The original bid price exceeded the budget so they are trying to find ways to shrink the cost,” said a second source familiar with the matter. The plant will supply the 400,000 barrel per day oil refinery and other consumers around the industrial port on the Red Sea coast. Construction of the refinery has not started. It will be the last of a trio of new 400,000 bpd refineries in Saudi Arabia between 2013 and 2018.
Tuesday, February 11- 2014 @ 7:23 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.