Petrofac, the international oil and gas service provider, has been awarded two contracts for a big petrochemical expansion project in Rabigh, Saudi Arabia.
The projects - scheduled to start within three years - are some of the first major awards made by Saudi Arabia's national oil company, Saudi Aramco, under its "In-Kingdom" engineering, procurement and construction programme.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Most common ways that home insurance doesn't pay out: how to protect yourselfIn a time of crisis, you want to be certain that your insurance policy will pay out. But there are five common ways that home insurance can be invalidated. We look at each, and examine how to ensure sure you’re protected.
-
How Labubus took the world by stormThe “blind-box” business model for Labubu, a grinning little monster, is as popular as ever
