Worley wins refinery modernization project with Saudi Aramco

Engineering services giant Worley (ASX: WOR) has been awarded a refinery modernization contract with Saudi Aramco.

The project will convert low-value refinery “tailings” into higher-value products, including gasoline, jet fuel and ultra-low sulfur diesel.

Worley will provide initial engineering design (pre-FEED), FEED and project management services for the entire project at the Ras Tanura refinery.

The services will cover upgrades to atmospheric and vacuum gas oil from the crude distillation unit, and an upgrade to atmospheric gas oil from the Khuff condensate unit.

It comes after the completion of upstream concept studies by Advisian, Worley’s consulting business.

The value of Worley FEED OK with Saudi Aramco was not disclosed.

Managing Director Chris Ashton said: “We are delighted that Saudi Aramco has chosen Worley for this strategic project, which will improve the long-term sustainability of Saudi Aramco’s Ras Tanura refinery.

“We look forward to expanding our long-standing global relationship with Saudi Aramco and supporting the long-term sustainability goals of its assets, while remaining committed to creating a more sustainable world. “

Ras Tanura is located on the Gulf Coast near the port city of Jubail in Saudi Arabia.

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