Jacobs wins deal for Sahara pethem facilities

Updated 14 June 2016
0

Jacobs wins deal for Sahara pethem facilities

JEDDAH: Jacobs Engineering Group announced it received a three-year contract from Sahara Petrochemicals (Sahara) to provide general engineering services at Sahara’s Jubail Industrial City facilities in Saudi Arabia.
“Jacobs has had a presence in the Middle East for many years serving the oil, gas, buildings and Infrastructure sectors. This contract enables us to expand our presence in Jubail as part of our overall commitment to providing world-class services to our clients across the region.”
Under the terms of the contract, Jacobs is expected to provide engineering, procurement, construction supervision, project management, pre-commissioning and commissioning support to a range of small- to medium-sized capital projects for Sahara’s propane dehydrogenation, poly propylene, chlor alkyl, ethylene dichloride and peripheral utilities operating facilities.
Jacobs Senior Vice President Oil and Gas Bassim D. Shebaro stated: “Jacobs has had a presence in the Middle East for many years serving the oil, gas, buildings and Infrastructure sectors. This contract enables us to expand our presence in Jubail.”
Jacobs is one of the world’s largest and most diverse providers of technical, professional and construction services.


US energy secretary meets Saudi counterpart after OPEC cuts

Updated 10 December 2018
0

US energy secretary meets Saudi counterpart after OPEC cuts

RIYADH: Saudi Arabia’s energy minister held talks Monday with US Energy Secretary Rick Perry, after the Kingdom and its allies defied US pressure to cut oil production in a bid to prop up prices.
They discussed the “state of the oil market” and energy cooperation between the two countries during a meeting in eastern Dhahran city, the minister, Khalid Al-Falih, said on Twitter.
Perry tweeted that he discussed the need for “open, free, and fair markets with the Saudis.”
OPEC members and 10 other oil producing nations, including Russia, on Friday agreed to cut output by 1.2 million barrels a day from January in a bid to reverse recent falls in prices.
The decision came even as US President Donald Trump demanded that the cartel boost output in order to push prices down.
But Al-Falih shrugged off the pressure last week, saying “we don’t need permission from anyone to cut” production.
The US “is not in a position to tell us what to do,” he told reporters ahead of Friday’s OPEC meeting in Vienna.
Last week, for the first time in decades, the United States — which is not a member of OPEC — was a net exporter of crude oil and petroleum products.
It was the latest sign of how the shale boom has lifted the US standing on global petroleum markets, prompting talk of “energy dominance” by Trump.
Perry’s visit to Dhahran came as Crown Prince Mohammed bin Salman unveiled state oil giant Aramco’s plan for a new energy megaproject in the area known as the King Salman Energy Park (SPARK).
The energy park is expected to attract an initial investment of $1.6 billion, Aramco said.