WOR 0.67% $14.88 worley limited

strength to strength

  1. 362 Posts.
    Heading toward $30, which is nice to see.

    Not sure if this is new or not (see: below) but notice it hasn't been announced on the ASX. WOR tend to lag reports in newspapers (as they wait for all contracts to be signed) but this sounds to me like another potentially lucrative contract in Saudi Arabia... feel free to correct me if you think it's immaterial.

    www.menafn.com/qn_news_story_s.asp?StoryId=1093265833
    Main point of interest:

    "Also on the horizon is its polyolefins complex at Jubail II; Sipchem was the first to be given a site allocation there. The massive project, costing $7 billion is expected to come on stream in 2010. The project management contract was awarded last week to Worley Parsons, Houston, Texas, and the financial advisory role to HSBC. Sipchem's potential partners in this project are Mitsui of Japan, DuPont of US and Lucite of UK."

 
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