12 October 2021 ASX release WORLEY LIMITED (WORLEY) (ASX: WOR) Saudi Aramco awards Worley a services contract at Ras Tanura refinery Worley has been awarded a services contract for a residue upgrade project at Saudi Aramco’s Ras Tanura refinery. The project will convert low-value refinery residue into higher-value products including gasoline, jet fuel and ultra-low sulphur diesel. Under the contract, Worley will provide early front-end engineering design (pre-FEED), front-end engineering design (FEED) and project management services for the entire project. These services cover upgrades to the atmospheric and vacuum gas oil from the crude distillation unit, and an upgrade to the atmospheric gas oil from the Khuff condensate unit. This award follows on from the successful completion of the front-end conceptual studies that were completed by Advisian, Worley’s consulting business. “We are pleased that Saudi Aramco has selected Worley for this strategic project, which will enhance the long-term sustainability of Saudi Aramco’s Ras Tanura refinery. We look forward to growing our longstanding global relationship with Saudi Aramco and supporting its assets’ long-term sustainability goals, while remaining committed to delivering a more sustainable world,” said Chris Ashton, Chief Executive Officer of Worley. Authorized for release by Nuala O’Leary, Group Company Secretary. For further information, please contact: Veréna Preston Group Director Investor Relations Ph: +61 402 125 930 [email protected] www.worley.com
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WOR Price at posting:
$10.79 Sentiment: Buy Disclosure: Held
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