Saudi Aramco moved forward today on two new mega projects as it signed landmark contracts with some of the world's leading engineering and construction firms for the Khursaniyah Oil and Gas Program and the Hawiyah Natural Gas Liquids (NGL) Recovery Program. Saudi Aramco president and chief executive officer Abdullah S. Jum'ah congratulated the winning firms and the project teams, and emphasized that these contracts will help Saudi Aramco deliver on its promise to continue securing energy for the nation and for the world. "The oil facilities will reinforce the company's international role in responding reliably to future oil market demand, while the gas program demonstrates Saudi Aramco's commitment to continue playing its part in the Kingdom's efforts to further grow and diversify the economy," Jum'ah said. The Khursaniyah Program will develop oil and gas production facilities for the onshore Abu Hadriya, Fadhili and Khursaniyah oil fields near Jubail Industrial City in the Eastern Province, with capacity reaching 500,000 barrels of crude oil daily by the end of 2007. The Hawiyah NGL Recovery Program will produce an additional 310,000 barrels of ethane and NGL products daily through the Hawiyah NGL Plant near the Ghawar Field and an expansion of the Ju'aymah Gas Fractionation Plant not far from Ras Tanura, expected to be completed in early 2008. --More 2347 Local Time 2047 GMT
