Rabigh Refining and Petrochemical Company (Petro Rabigh) [2380.SE] has awarded a construction contract for Rabigh II expansion project to the Italian company Saipem. The total value of the 30-month contract is SAR782mn and includes the construction of a plant to process and recover vanadium, another plant to dispose of caustic soda and other facilities to handle and store chemicals. The vanadium plant will have a capacity of 3,240 cubic metres per day, and the caustic soda plant will have a capacity of 120 cubic metres per day. (Argaam, Reuters)
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