Petrofac wins Saudi contracts

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.

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Petrofac shares were flat at 10:57.

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