CB&I Wins Storage Project in Saudi Arabia

THE WOODLANDS, Texas, Aug. 14, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by Técnicas Reunidas, S.A. for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco's refinery in Ras Tanura, Saudi Arabia.

CB&I's scope includes the engineering, procurement, fabrication and construction of nine flat bottom tanks, as well as modifications to numerous existing tanks, all of which were previously supplied by CB&I. In support of Saudi Aramco's In-Kingdom Total Value Add program, CB&I will provide all fabrication and project management utilizing its local facilities in Al-Khobar. The project will facilitate CB&I's ongoing efforts to train, develop and employ Saudi Arab nationals in key positions.

"This award reinforces our global relationship with Técnicas Reunidas and builds on our nearly 80-year history of supporting Saudi Aramco," said Luke V. Scorsone, Executive Vice President of CB&I's Fabrication Services operating group. "Beginning in 1938, CB&I has provided nearly all of the product storage at the Ras Tanura facility."

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With more than125 years of experience, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.CBI.com. 

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