CB&I signs EPC contract in Saudi Arabia

Technology and infrastructure provider CB&I said on Monday it had been awarded a contract by Técnicas Reunidas for the provision of storage tanks at the Ras Tanura refinery in Saudi Arabia.

The contract, whose value was not specified, includes the EPC and construction of nine flat-bottom tanks, as well as upgrades to tanks previously supplied by CB&I. All fabrication and project management will take place at CB&I’s local facilities in Al Khobar, the company said in a statement.

CB&I’s localisation of its services in Saudi Arabia is in support of Saudi Aramco’s in-Kingdom Total Value Add Program (IKTVA), launched by Saudi Aramco on December 1, 2015. The IKTVA programme aims to enhance and diversify Saudi Arabia’s domestic energy industry and move the country away from relying on foreign services.

Luke V. Scorsone, executive vice-president of CB&I’s Fabrication Services operating group, emphasised the close relationship between CB&I and the country’s state-owned oil company in Monday’s press release.

“This award reinforces our global relationship with Técnicas Reunidas and builds on our nearly 80-year history of supporting Saudi Aramco,” he said.