HomeNewsTécnicas Reunidas and Sinopec awarded two contracts by Saudi Aramco for more than 3.3 billion USD

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Técnicas Reunidas and Sinopec awarded two contracts by Saudi Aramco for more than 3.3 billion USD

1/25/2024

--Tecnicas Reunidas Press Release--   A joint venture between Técnicas Reunidas S.A. (TR) and Sinopec Engineering Group (SEG) has been selected as the EPC contractor and was awarded a lumpsum contract for the Riyas NGL Fractionation Facility in Saudi Arabia. The joint venture is 65% owned by Técnicas Reunidas and 35% by Sinopec Engineering Group, which means that the Spanish company will account for more than 2.15 billion USD of the total investment. This is the first project awarded to Técnicas Reunidas by Saudi Aramco following the Strategic Alliance recently signed by the Spanish company with Sinopec Engineering Group for the development of common projects. Saudi Aramco

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