Middle East
Aramco, Total sign Jubail refinery financing
SAUDI Aramco and Total have closed a low-cost, $8.5bn project financing for Saudi Arabia's Jubail export refinery. Signed in late June, the deal – the first project financing in Saudi Arabia to feature an Islamic bond – was comfortably oversubscribed, receiving commitments for over $13.5bn. The financing covers 70% of the total project cost; the remainder will be funded directly by the sponsors, working together as Saudi Aramco Total Refining & Petrochemical's (Satorp), of which Aramco holds 62.5% and Total the remainder.
Latest version now available of ABB’s System 800xA
System 800xA serves as the foundation for a number of unique industry-specific automation applications. Designed from the beginning to act as an integration platform, it has been proven to promote collaboration, improve operator effectiveness, achieve seamless control solutions, and provide flexible evolution paths through integrating diverse, usually separate plant systems, applications, information or fieldbus and controller platforms.
Fluor gets the nod for Shah gas development project
Fluor Corp. has been named as program management consultant (PMC) for the Shah gas development project by Abu Dhabi Gas Development Company Ltd. Fluor will perform PMC services for the main process pa..
KBR and SK Energy Co. Ltd. form joint venture
KBR has formed a joint venture, SK-KBR Technologies Pte. Ltd. (SK-KBR), with Korean-based SK Energy Co., Ltd. (SK Energy).
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