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Sabic/Exxon JV awards EPC contract

Saudi Basic Industries Corp (Sabic) has announced its joint venture with ExxonMobil has awarded an engineering, procurement and construction (EPC) contract to a trio of international firms, Reuters has reported. South Korea's Daelim, France's Technip and Spain's Tecnicas Reunidas won the contract for the $3.4bn elastomers project at Jubail Industrial City, which is slated for completion in 2015, Sabic said.