By OGJ editors
HOUSTON, Aug. 25 -- Saudi Aramco and Total SA are set to sign a contract for the 400,000 b/d export refinery planned in Jubail, Saudi Arabia. Aramco and partners already have signed a contract for the project's twin-sister plant in Yanbu' (OGJ Online, Aug. 24, 2006).
The Jubail project, slated for startup in 2011, involves developing a full-conversion refinery that will process Arabian heavy crude.
The companies agreed to form a joint venture to implement the $6 billion project. Each will hold a 35% interest. The interest remaining will be offered for public subscription by Saudi nationals (OGJ Online, May 22, 2006).
The scope of the contract is to conduct front-end engineering and environmental assessment; prepare financing and marketing studies, capital operating cost estimates, and bid packages; and provide procurement support.
Technip Italy will provide support during detailed design and construction, assisting with cost estimate development as well as the development of the lump-sum turnkey packages.
