CB&I secure $95 million EPC contract for Saudi Aramco Shell Refinery

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CB&I secure $95 million EPC contract for Saudi Aramco Shell Refinery

CB&I announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF’s modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia.

“The relationship between CB&I and SASREF extends back for more than a decade, and we have been collaborating successfully during this time,” said Duncan Wigney, CB&I’s Executive Vice President of Engineering & Construction. “This award demonstrates CB&I’s ability to deliver value to SASREF and our other customers in the Middle East. It also enhances CB&I’s position in the region as a leading provider of energy infrastructure solutions, from conceptual design to fabrication to EPC delivery.”

CB&I has completed the conceptual design and FEED phases of the project, while working with SASREF to optimize investment on the new refinery configuration. CB&I’s integrated solutions will give SASREF the operating flexibility needed to generate maximum returns through sustainable fuels production, which meets Euro V regulations for cleaner emissions.

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality.

About SASREF
SASREF is a joint venture company of Saudi Aramco and Shell, two of the biggest oil and Gas Company in the world SASREF aspires to be the best petroleum refinery company not only in the Kingdom of Saudi Arabia, but also in Asia and Middle East. We are embarking upon a very exciting journey into the future, with aspiring vision to outperform our past best performance in order to meet the growth opportunities that lie ahead.

Source: www.cbi.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.