Fluor Daniel Gets Saudi Engineering Contract

Fluor Corp. said its Fluor Daniel unit was awarded a contract for under $50 million to provide engineering services for the expansion of a Saudi Arabian petrochemical complex.

Once the project is completed, it will be one of the largest petrochemicals complexes in the world, producing 1.6 million tons of ethylene and more than 2 million tons of other derivative products, Fluor Daniel said.

The contract was awarded by Saudi Yanbu Petrochemical Co., or Yapnet, a 50-50 joint venture between Mobil Corp.’s Yanbu Petrochemicals Co. and Saudi Basic Industries Corp. The joint venture plans to expand the Yanbu complex in phases. The project, scheduled to be completed by 2000, would total $2 billion.

Fluor Daniel, which provides construction and engineering services, has been active in Saudi Arabia since 1947 and has completed more than 340 projects.