Arabtec unit reportedly wins $53.2 million Saudi Aramco refinery project

Target Engineering won a project for five storage tanks at Ras Tanura refinery

Photo for illustrative purposes only
Photo for illustrative purposes only

Arabtec Holding, a UAE-based contractor for social and economic infrastructure, said its unit Target Engineering Construction Company has been awarded a $53.2 million (SR200 million) contract by Saudi Aramco for the replacement of five storage tanks at Ras Tanura Refinery in Eastern Province, Saudi Arabia.

The scope of work includes the replacement of three naphtha storage tanks and two slop oil storage tanks.

On the contract win, Arabtec Group CEO Wail Farsakh said: "We are delighted to be continuing to build our relationship with Saudi Aramco in the kingdom."

"In line with our strategy, this important award further builds the group’s presence in the oil and gas sector" he added.

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