China firm wins contract for Saudi Aramco Marjan expansion ...Kuwait

News by : (The New Arab) -
Chinese firm Cosco Shipping Specialized Carriers has won a contract to help expand Saudi Aramco’s Marjan offshore facility, further cementing Beinjing's economic presence in the region. The firm, which provides shipping transportation services and is one of the largest in the world, will provide two semi-submersible vessels to help with transportation and installation services in the development of the Marjan facility. The contract is linked to 'support package one' of the $12 billion Marjan Crude Increment Programme and aims to increase oil output at the facility by 300,000 barrels per day (bpd) of oil, and Liquid natural gas (LNG) 360,000 bpd. This will lead to an ex

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