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Two international companies and groups are understood to have submitted commercial and technical bids on 31 January for the contract to build the ammonia plant at the Ras al-Zour phosphate and fertiliser complex planned by Saudi Arabian Mining Company (Maaden). The bidders are: Paris-based Technip, with Denmark’s Haldor Topsoe; and Germany’s Uhde. An award is expected by the end of the first quarter (MEED 14:10:05).
Of the $25.6bn Riyadh has raised from the 1.5 per cent listing of Aramco’s shares, $17.06bn has come from institutional investors
The Amiral complex is a derivatives master development in Jubail by Saudi Aramco and Total, which will have Satorp’s petrochemicals plant as its centrepiece
Private Saudi petrochemicals producer has undertaken a $1bn project to set up two plants in Jubail and Yanbu that will raise its production capacity by four times
Although the decision has been adopted by the Opec+ alliance under pressure from Russia, the move will benefit all of the bloc’s members
