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Share Name | Share Symbol | Market | Type |
---|---|---|---|
SNC Lavalin Group Inc | TSX:SNC | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 43.49 | 43.31 | 43.57 | 0 | 01:00:00 |
MONTREAL, April 20, 2016 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) through their affiliate Saudi Arabian Kentz, is proud to announce that it has been awarded an engineering, procurement and construction (EPC) contract by Saudi Aramco for the expansion of asphalt production facilities at its Ras Tanura Refinery in Saudi Arabia. Upon completion of the expansion, asphalt production capacity at the facility will increase from 22 thousand barrels per day to 42 thousand barrels per day.
The contract will be executed by SNC-Lavalin's in-Kingdom entity, Saudi Arabian Kentz. The project is expected to be completed in approximately 18 months, and builds on the company's long-term working relationship with Saudi Aramco.
SNC-Lavalin will provide comprehensive engineering and detailed design, procurement, installation, construction, pre-commissioning and commissioning, necessary for the project completion and plant startup.
"We are delighted to build further on our recent experience of executing major EPC projects with Saudi Aramco," said Christian Brown, President, Oil & Gas, SNC-Lavalin. "Saudi Aramco is a key client for us and we have one of the largest dedicated engineering and construction teams in Saudi Arabia."
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide engineering, procurement construction, completions and commissioning services together with a range of sustaining capital services to clients in our four industry sectors, oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
SOURCE SNC-Lavalin
Copyright 2016 Canada NewsWire
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