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FINWIRES

GAS Arabian Services Secures Long-Term In-Plant Services Agreement With Aramco

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GAS Arabian Services signed a long-term agreement with Saudi Arabian Oil, or Aramco, to provide in-plant services across multiple technical disciplines, a statement posted on the Saudi Exchange website said on Wednesday.

Under the agreement, GAS Arabian Services will deliver services in mechanical, piping, electrical, instrumentation, communication, painting, civil, and structural fields.

The agreement has an initial term of six years and may be extended through two additional three-year periods, bringing the potential total duration to 12 years.

The company said the financial impact of the agreement will depend on the size and scope of work awarded under individual contracts or purchase orders issued pursuant to the agreement.

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