Aramco Offers 4 Petroleum Projects

ALKHOBAR, 28 June 2005 — Aramco offered contractors during a meeting at the Eastern Chamber of Commerce four potentially giant projects to support its oil production in the Kharasaniya, Shaiba, Khorais and Hawiya fields. The projects are expected to be initiated in 2006 and 2008. They are divided into three groups: Giant projects with a cost of around $2 billion; medium projects between $3 million and $200 million and small projects for less than $3 million. Aramco also announced that it has completed the architectural design of a group of giant and medium projects and will send out invitations for bidding on them later.