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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Saudi Aramco signs agreement to build shipyard in Saudi Arabia

    Rocky
    Rocky
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    • Post n°1

    Saudi Aramco signs agreement to build shipyard in Saudi Arabia Empty Saudi Aramco signs agreement to build shipyard in Saudi Arabia

    Post by Rocky Thu 01 Jun 2017, 2:14 am

    Saudi Aramco signs agreement to build shipyard in Saudi Arabia

    economy Since 2017-05-31 at 11:03 (Baghdad time)

    Follow Mawazine News
    Saudi Aramco has signed a joint venture with three companies to set up a shipbuilding complex on the kingdom's eastern coast as part of a government plan to diversify the economy and reduce its dependence on oil, Saudi Aramco said on Wednesday.
    Aramco has signed an agreement with Saudi shipping company Bahri, Hyundai South Korea Heavy Industries and Lambert, an engineering firm based in the United Arab Emirates and listed on the London Stock Exchange.
    Aramco signed a memorandum of understanding on the project in January 2016.
    Aramco did not give any financial details on Wednesday but said it would cost more than 20 billion rials ($ 5.3 billion).
    Aramco said on its website that Ras Al Khair Marine Industries Complex will boost the growth of the Kingdom's energy, construction and marine engineering sectors and meet the requirements for manufacturing, maintenance, repair and complete renovation of offshore oil and gas drilling platforms and associated services.
    In a separate statement, Lambert said the complex would start operating in 2019 and be fully operational in 2022, adding that the Saudi government would fund about $ 3.5 billion of the project's $ 5.2 billion cost.
    (USD = 3.75 SAR)

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    • Post n°2

    Saudi Aramco signs agreement to build shipyard in Saudi Arabia Empty Saudi secret deal to build the largest shipyard in the Middle East

    Post by Rocky Thu 01 Jun 2017, 3:26 am

    Saudi secret deal to build the largest shipyard in the Middle East

    Arab and international Thursday June 1, 2017

    The Times newspaper published an economic report on the contract registered oil services company in Britain, a great deal with Saudi Arabia's national oil company to help build the largest shipyard in the area and operation.

    The paper says that Lamprell company represents one of the four partners in this project, worth $ 5.2 billion.

    He adds that this company, like all other oil field services companies, were facing difficulties due to the fluctuation and lower crude oil prices, have been forced to make cuts in employment and spending in recent years, but this deal into the paper represents the prospects for a major shift in the company's future.

    The paper points out that the talks have been taking place on the deal since November 2015, but the details remained secret until Wednesday when he announced the deal, which the company's share price rose by 14 percent.

    The paper says that the Saudi government supported the construction of this basin for the manufacture and maintenance of ships, cranes and equipment drilling offshore oil wells, and pledged $ 3.5 billion to build, and $ 1.7 billion remaining Vstota than $ 700 million from partners and credit facilities from the Saudi Industrial Development Fund.

    It agreed Lamprell company to invest $ 140 million over the next five years through financing existing funds or future cash flows in exchange to get 20 percent of the project's shares.

    It provided Saudi Aramco amount of 350.7 million dollars to get a percentage of 51.1 shares.

    http://www.skypressiq.net/2017/6/1/%D8%B5%D9%81%D9%82%D8%A9-%D8%B3%D8%B1%D9%8A%D8%A9-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%84%D8%A8%D9%86%D8%A7%D8%A1-%D8%A3%D9%83%D8%A8%D8%B1-%D8%AD%D9%88%D8%B6-%D9%84%D9%84%D8%B3%D9%81%D9%86-%D9%81%D9%8A-%D8%A7%D9%84%D8%B4%D8%B1%D9%82-%D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7
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