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Tecnicas Reunidas awarded $800m petchem deal in Saudi Arabia

Sadara Chemical Co, a joint venture between Saudi Aramco and the Dow Chemical Co, has awarded Spanish oil engineering firm Tecnicas Reunidas a $800m contract to build part of a petrochemical complex in Saudi Arabia that is expected to open in 2015, Reuters has reported. The contract is for the Chem-III project, in the Jubail Industrial City II, Tecnicas said.