Saturday, Oct 08, 2011
BEIRUT (Zawya Dow Jones)--The two South Korean firms that are developing Saudi Aramco's Wasit natural gas venture, Samsung Engineering Co. and SK Engineering and Construction Co., have awarded a deal for the supply of electrical equipment to the mega project, Jeddah-based Okaz daily reports Saturday.
The 50 million Saudi riyal ($13.3 million) deal was awarded to the local Electrical Industries Co., which will manufacture the equipment in its plants in Dammam and deliver them in 2012, Ahmed Al Suwaidan, Electrical Industries' vice chairman and managing director, said according to the paper.
Wasit is expected to start production in 2014 to become the kingdom's largest gas plant with a capacity to process up to 2.5 billion cubic feet a day of gas from two non-associated offshore sour gas fields, Arabiyah and Hasbah, Okaz reports. The plant will also produce about 1.75 billion cubic feet a day of sales gas, it adds.
Newspaper website: http://www.okaz.com.sa/new/Issues/20111008/Con20111008449660.htm
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
08-10-11 1143GMT
