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Saudi Aramco eyes new bids for its project in Jazan  Join our daily free Newsletter

MENAFN - 10/02/2014

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(MENAFN) Saudi Aramco is working on attracting companies to submit cheaper offers to continue constructing parts of the complex, according to Arab News.

The company aims to provide an oil refinery at jazan with the needed energy.

The company has received bids from 14 companies for four packages in October to build a 2,400 MW integrated gasification combined cycle (IGCC) plant.

However, the bids were higher than expected, and it is seeking lower-cost bids for the packages.

A source familiar with the matter said: "The original bid price exceeded the budget so they are trying to find ways to shrink the cost."

 






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