Up to six bidders vie for PetroRabigh construction contract -sources

DL Holdings

01/03/2016 11:54

By Reem Shamseddine 
    KHOBAR, Saudi Arabia, Mar 1 (Reuters) - Saudi Arabia's 
PetroRabigh  2380.SE  has received bids from up to six foreign 
engineering companies for the construction of new units at its 
petrochemical and refining complex in Rabigh, industry sources 
said. 
    PetroRabigh, a joint venture between Saudi Aramco 
 SDABO.UL and Japan's Sumitomo Chemical  4005.T , announced 
plans for the new units in October last year. It said tenders 
would involve building a polyether polyols plant with annual 
capacity of 220,000 tonnes, a 17,000 barrel per day 
naphtha-treating unit to produce clean fuel and a sulphur 
recovery unit (SRU) with capacity of 106,000 tonnes a year. 
 urn:newsml:reuters.com:*:nL8N1240MV 
    Maire Tecnimont  MTCM.MI  was among the bidders, one source 
said, but a second source said that the Italian company had 
ultimately decided against bidding. 
    Work on the Rabigh expansion is due to begin in the second 
half of this year, PetroRabigh said in October. 
    PetroRabigh didn't respond to phone calls and an email 
requesting comment. 
    Bids for the work were due to be submitted by Feb. 24 and 
sources familiar with the matter said bids had been received 
from the following: 
     
 Confirmed bidders  RIC          Official response 
 Daelim Industrial   000210.KS   Confirmed it had bid for the 
                                 polyols and clean fuels units 
 Intecsa            N/A          Unavailable for comment 
 Tecnicas Reunidas   TRE.MC      Doesn't comment on such 
                                 matters 
 CTCI Corp           9933.TW     Unavailable for comment 
 Larsen and Toubro   LART.NS     CFO Shankar Raman told Reuters 
                                 the company was evaluating all 
                                 opportunities arising out of 
                                 Saudi Arabia and is actively 
                                 pursuing Aramco projects. 
                                  
 Potential bidder                 
 Maire Tecnimont     MTCM.MI     Unavailable for comment 
     
 
 
 (Additional Reporting by Joyce Lee, Promit Mukherjee, Tommy 
Wilkes, Jose Elías Rodríguez, Faith Hung and Francesca Landini; 
Editing by David Goodman) 
 ((Reem.Shamseddine@thomsonreuters.com; +966503335202; Reuters 
Messaging: reem.shamseddine.thomsonreuters.com@reuters.net)) 
 
Keywords: PETRO RABIGH CONTRACT/