Sinopec Unit Secures $1.1 Billion Deal to Build Gas Pipelines for Saudi Aramco
6/6/2024
(Reuters) — A Sinopec service unit said on Thursday it has signed a 7.956-billion-yuan ($1.10 billion) deal to build natural gas pipelines for Saudi state oil company Aramco.
The contract is for Sinopec Oilfield Service Co. to procure and construct the third phase of the Master Gas System in Saudi Arabia, the Chinese firm said.
Sinopec will build parts of the pipeline grid that includes trunk lines with a total length of 2,630 kilometers (1634.21 miles) and 1,340 km of branch lines, part of Aramco's plan to expand gas distributions across the kingdom.
Under the deal, Sinopec is expected to complete construction by the end of May 2027, the company said.
($1 = 7.2442 Chinese yuan renminbi)
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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