By signing the MoU, KBR has committed itself to a five-year action plan to expand and develop KBR's physical and human capital within the Kingdom to promote Saudi Aramco's interests in creating and maintaining a reliable local supply.
The system was developed by a small team from GE's Power Services Middle East and Africa unit based in Dubai and is particularly useful for small and medium enterprises that often have limited access to, or awareness of, high quality suppliers
Jacobs expects to finance the transaction through a combination of cash on hand, borrowings under the company's existing revolving credit facility and US$1.2 billion of new committed 3-year term debt arranged by BNP Paribas and The Bank of Nova Scotia.
SNC-Lavalin's scope for this phase of the work includes project management, coordination and management of the process licensor, management of the geotechnical and topographic survey contractors, preliminary engineering and procurement.
ADNOC CEO Dr Sultan Al Jaber's strategic tour of China and Japan, come days after oil giant made public its landmark decision to undergo an economic transformation aligned to its 2030 objectives – including the share sale of its distribution business
The JV between Abu Dhabi-based Baron Point Petroleum and PetroVietnam Oil Corporation plans to finance, build and operate petroleum product pipelines and storage space in Vietnam, and to source and trade petroleum products in the international markets.