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Saudi Arabia Oil and Gas Market Update

Main Update Highlights from entire month of June, 2013

Saudi Arabia and Egypt sign power line agreement ‐ Cross‐border power line will have capacity
to transport 3,000MW of electricity a day

Riyadh sets pace for light‐rail plans ‐ The pending contract awards on the Riyadh scheme will set
the standard for future Saudi metro projects.

Biggest project finance deal of 2013 signed by Aramco and Dow ‐ Saudi Aramco and Dow sign
$12.5bn Sadara financing.

Saudi Aramco awards contracts at $7bn Jizan refinery. Japanese and European contractors join
South Koreans in winning contracts at downstream project in Saudi Arabia. Saudi Aramco has awarded
seven contractors engineering, procurement and construction (EPC) packages at the $7bn Jizan refinery
project in the south of Saudi Arabia. Aramco announced it had made the awards via its website on 21

WorleyParsons historic 4th Aramco contract ‐ Australian engineering contractor WorleyParsons
has said that it agreed to terms with Saudi Aramco which will see its current Maintain Potential
Programme (MPP) contract extended for a further two years.

Jazan Refinery contracts signed ‐ Ceremony held to sign the engineering, construction and
procurement contracts of the Jazan Refinery and Terminal. The Project will raise gasoline production by
80 MBD and diesel production by 250 MBD, and will produce approximately 1 million tons per annum
(MTA) of benzene and paraxylene petrochemical products. Once completed by the end of 2016, the
Project will be capable of processing 400 thousand barrels per day (MBD) of heavy and medium Arabian
crudes. The Terminal, which is part of the Project, will accommodate Very Large Crude Carriers (VLCCs).
The Project also features a 2400‐MW high‐efficiency combined cycle power plant to fulfil the electricity
requirements of the Refinery as well as a large part of the electricity needs of the west coast. Khalid G.
Al‐Buainain, senior vice president, Engineering, Capital & Operations Support, Saudi Aramco, signed the
contracts with representatives of eight local and international construction and procurement
companies; namely: Al‐’Ali Al‐Ajmi Group, Petrofac Saudi Arabia Ltd., Hyundai Saudi Arabia Ltd., Hanwa
Engineering & Construction Corporation, JGC Corporation, Hitachi Plant Technologies Ltd., SK
Engineering & Construction and Technicas Reunidas.

Sources: Saudi Magazines, Newspapers and Websites