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Tecnicas Reunidas signs $800 mln Saudi contract

MADRID, July 30 | Mon Jul 30, 2012 10:49am EDT

MADRID, July 30 (Reuters) - Spanish oil engineering company Tecnicas Reunidas said on Monday it has signed a $800 million contract to build part of a petrochemical complex in Saudi Arabia that is expected to open in 2015.

The firm was awarded the contract for the Chem-III project, in the Jubail Industrial City II, by Sadara Chemical Company, a joint venture between Saudi Arabian Oil and the Dow Chemical Company.

Tecnicas Reunidas is expected to report its first-half results on Tuesday.
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