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World News and Views :: Projects

Ras Tanura Configuration Changes; Site Could Be Switched as Partners Seek to Save Investment Costs

7:30 AM MDT | March 22, 2010 | Natasha Alperowicz

Saudi Aramco and Dow Chemical, partners in a previously announced multibillion-dollar Ras Tanura Integrated Project (RTIP), have changed the configuration of some of the facilities to save on investment costs, CW has learned. They are also looking at a possible shift of location away from Ras Tanura, possibly to Al Jubail or Ras Al Zaur where infrastructure already exists. The moves could save the partners $3 billion-$5 billion in investment costs, sources say. The original scheme would have required $20 billion investment, according to estimates. KBR is working...

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