Aramco Awards Yanbu Refinery Work to Tecnicas, Daelim

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Saudi Aramco, the biggest state-owned oil company, awarded contracts at the planned 400,000 barrel-a-day Yanbu refinery in Saudi Arabia to companies including Tecnicas Reunidas SA and Daelim Industrial Co.

Tecnicas Reunidas will build a coker, Daelim won contracts for gasoline and hydrocracker units and SK Engineering & Construction Co. will work on a crude unit, Saudi Arabia’s state oil company said today. Tecnicas said its contract for the 114,500 barrel-a-day coker is worth about $770 million.