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Sat 5 Jun 2010 05:22 PM

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Aramco sets fresh date for Yanbu refinery unit bids

Aramco extends again bid due date for unit at refinery; bidding closes on July 6.

Aramco sets fresh date for Yanbu refinery unit bids
BID EXTENSION: The extension was made at the request of bidders, said one source who declined to be identified.(Getty Images)

State oil firm Saudi Aramco has extended for the fourth time the date to submit bids to build a solids handling unit at its 400,000 barrels per day (bpd) Yanbu refinery, industry sources said on Saturday.

The extension was made at the request of bidders, said one source who declined to be identified.

The deadline for bids for the unit, which will produce 6,300 metric tonnes per day of coke and 1,260 metric tonnes of sulphur, is now July 6, said the sources.

It had already been extended from an original due date of Feb. 28.

Italy's Saipem, Britain's Petrofac Ltd and South Korea's Daelim Industrial Co are among companies bidding for the solids handling unit package.

In April, ConocoPhillips, the third-largest US oil company, said it cancelled plans to build the Yanbu refinery with Saudi Aramco, citing its strategy to reduce its refinery operations.

After Conoco's withdrawal Aramco sent a letter to contractors stating that it or a wholly-owned Aramco subsidiary would proceed with the project. (Reuters)

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