Saudi Aramco has awarded $7.7 billion in contracts to expand its Fadhili gas plant's processing capacity to 4 billion standard cubic feet per day, the company said on Tuesday.
The plant currently has capacity to process 2.5 billion standard cubic feet per day. The expansion is expected to be completed by November 2027.
Aramco (2222.SE), opens new tab awarded engineering, procurement and construction contracts to South Korea's Samsung Engineering (028050.KS), opens new tab and GS Engineering & Construction Corporation (006360.KS), opens new tab as well as Nesma & Partners, in which Saudi sovereign fund PIF took a stake last year.
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