Essar Projects bags $54 million contract from Saudi Aramco.

Essar Projects recently said it has bagged a $54 million (over Rs 328 crore) maiden contract from Saudi Arabian national oil company Saudi Aramco. "The $54-million EPC project involves the upgradation of a Crude Stabilization Unit at Aramco's Abqaiq Plant, in Shaybah, one of the largest oilfields in the world," the company said in a statement. The scope of work entails engineering, procurement and construction of a crude tank, replacement of crude pumps and associated civil, piping, electrical and instrumentation facilities. The project is scheduled to be completed in 29 months. The Hydrocarbon SBU of Essar Projects, a global engineering, procurement, construction (EPC) contractor, has secured the contract from Saudi Aramco. The company is already executing five other projects in the region in the hydrocarbon sector.