14-month project worth more than $13m awarded by KSA’s Advanced Petrochemical
Gas Arabian Services, a provider of automation, project management and field services for the energy sector, has announced that it has secured a SAR51m ($13.5m) contract from Advanced Petrochemical to build a pipeline in the Jubail region of KSA.
Advanced Petrochemical is a leading producer and distributor of propylene and polypropylene products in Saudi Arabia. It operates several propylene and polypropylene projects in the kingdom as well as in South Korea and Turkey.
As per the new contract, Gas Arabian Services will provide EPC (engineering, procurement and construction) operations for the pipeline project linked to Jubail United Company.
The entire contract work will be completed within 14 months, stated Gas Arabian Services in its filing to the Saudi bourse.
The financial impact on the company’s financial statements will appear in the 2023-24 reporting period.