ALKHOBAR: Tecnicas Reunidas has offered the lowest bids to build two gas projects which are planned by Saudi Aramco, sources familiar with the plans said on Monday.
While the Spanish engineering firm has made the lowest bids on the Haradh and Hawiyah gas compression stations and the Hawiyah gas plant, Italy’s Saipem and Samsung E&C are also well placed to win the Hawiyah gas plant work, they said.
The new gas compression plants and the expansion of the Hawiyah gas plant are expected to cost more than $4 billion, industry sources have estimated.
Saudi Aramco does not comment on its business transactions, it said in response to an emailed request for comment.
Tecnicas Reunidas declined to comment, while Saipem had no comment and a spokesman for Samsung Engineering said it had no new information on the
bidding progress.
“We expect results to be announced (at the) beginning of November,” he said.
Hawiyah and Haradh are part of Ghawar, the world’s largest onshore oilfield.
Gas will play a key role in the diversified energy mix which Saudi Arabia is keen to achieve by cutting the use of crude oil and liquids for power generation, while allocating more gas to fuel economic growth and industrialization.
The Kingdom is targeting raising the use of gas in its energy mix to 70 percent, officials have said.
Despite falling oil prices, Saudi Aramco is pushing ahead with oil and gas projects that it has highlighted as a priority for the long term to keep the world well supplied with oil, while meeting domestic gas demand.
It plans to nearly double gas production to 23 billion standard cubic feet a day in the next decade.
Spanish company leads bidding for Aramco gas projects
Spanish company leads bidding for Aramco gas projects
Stc partners with Qiddiya as Six Flags official connectivity provider
RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.
Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.
The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.
By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.
The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.
