Saudi Aramco signs contracts to build Fadhili gas project

July 20, 2016 2:44 pm


State oil giant Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project, the company announced at a press conference on Wednesday.

 

The contracts, with firms including Saudi Electricity Co and France’s Engie, are expected to permit completion of the 50 billion riyal ($13.3 billion) project by the end of 2019, the company said. Other contracts for the project were signed late last year.

 

The plan for Fadhili includes a 1,500-megawatt power plant. The project is to boost Saudi gas production capacity to more than 17 billion standard cubic feet by 2020.

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