KBR Awarded Contract for Aramco-Dow Megaproject

Saudi Aramco and Dow Chemical have awarded KBR the project management contract for a previously announced multibillion-dollar refinery upgrade and petrochemical joint venture at Ras Tanura, Saudi Arabia. KBR was competing against Fluor and Foster Wheeler for the contract, which is estimated to be worth $140 million-$150 million. The contract covers preparation of tender documents, evaluation of technical proposals, and supervision of the execution phase. The Ras Tanura project is estimated to cost $22 billion-$26 billion, and is due for completion in...

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