Key Developments: Tecnicas Reunidas SA (TRE.MC)
38.20EUR
9:05pm IST
€0.17 (+0.45%)
€38.03
€38.12
€38.37
€37.92
211,354
289,232
€39.61
€28.07
Latest Key Developments (Source: Significant Developments)
Tecnicas Reunidas SA And Consortium Win Project In Turkey
Tecnicas Reunidas SA announced that SOCAR Turkey Enerji A.S. has awarded to the consortium under the leadership of Tecnicas Reunidas (TR) and incorporating Saipem SpA from Italy, GS Engineering & Construction from South Korea, and Itochu from Japan, a contract for the engineering, procurement of all equipment and materials, construction and commissioning of the facilities for the SOCAR Turkey Aegean Refinery (STAR) in Aliaga, Turkey. The global amount of the contract is around USD 3,500 million. The value of the contract for TR will be above USD 1,100 million and will have an execution period of 49 months until the commissioning of all the units. The design for STAR Refinery will enable to process different types of crude oil such as Urals, Azeri Light and Kirkuk with an overall capacity of 10 million tons per year. The new refinery will be constructed on Petkim peninsula on approximately 2.300 hectares of area. Full Article
Tecnicas Reunidas SA Announces FY 2012 Dividend Payment
Tecnicas Reunidas SA announced that it is planning a dividend payment for fiscal year 2012. The Company already distributed the amount of EUR 35,845,697 at a gross value of EUR 0.667 per share on January 17, 2013, and it is planning to distribute a complementary dividend in the amount of EUR 39,154,303 at a value of EUR 0.7285 per share, effective on February 28, 2013. Full Article
Tecnicas Reunidas SA to Provide Materials and Equipment and Construct Operations of LukOil (OAO) Vacuum Gasoil (VGO) Deep Conversion Complex
LukOil (OAO) announced that it has launched a Vacuum Gasoil (VGO) Deep Conversion Complex construction project at the site of OOO LUKOIL-Volgogradneftepererabotka. The project will be accomplished in cooperation with the Spanish engineering company Tecnicas Reunidas SA (Tecnicas Reunidas). As part of the turn-key contract, Tecnicas Reunidas will provide detailed engineering, supply materials and equipment, construct the complex and support the start-up operations. The total sum of the contract exceeds USD 1.4 billion. The project is scheduled to be completed by the end of 2015. Full Article
Socar Selects Consortium, Including Tecnicas Reunidas SA, To Build Refinery In Turkey-Reuters
Reuters reported that Azerbaijani state oil company Socar has selected a consortium of Tecnicas Reunidas SA, Saipem SpA, GS Engineering & Construction Corp and Itochu to build an oil refinery at Aliaga in western Turkey. It is planned to complete talks with the consortium and sign a contract by the end of January on the refinery, which will have a total cost of around $4 billion excluding financing costs. Full Article
Tecnicas Reunidas SA Announces FY 2012 Dividend Payment-Reuters
Reuters reported that Tecnicas Reunidas SA will distribute a dividend for the fiscal year 2012 of a gross value of EUR 0.667 per share. The dividend will be paid out on January 17, 2013. Full Article
Saudi Arabia General Investment Authority Suspends Operating License of Tecnicas Reunidas SA-DJ
Dow Jones reported that the Saudi Arabia General Investment Authority (SAGIA) has suspended Tecnicas Reunidas SA’s operating license due to an administrative error. Further details were not disclosed. Full Article
Tecnicas Reunidas SA Wins Contracts From Saudi Aramco For Two Projects In Saudi Arabia
Tecnicas Reunidas SA announced that Saudi Aramco has awarded the Company with two contracts for the execution of Saudi Aramco's refining and marine terminal projects in Jazan. Saudi Aramco will construct a refinery of 400,000 bpd and facilities of a hydrocarbons terminal as part of its development plan for "Jazan Economic City", located in the province of Jazan, in the south-western region of Saudi Arabia. The scope of the two projects include the installation of hydrocracking and hydrotreating facilities for diesel. The projects will be executed under two distinct contracts that includes engineering, supply of materials and equipment, construction of plants, pre-commissioning and support in the installation of units. The total value of both contracts will be around USD 900 million. The facilities are scheduled to become operational in early 2017. Full Article
Al Hassan Engineering Co SAOG Joint Venture With Tecnicas Reunidas SA Receives Contract Award of USD 106.3 Million
Al Hassan Engineering Co SAOG announced that its joint venture with Tecnicas Reunidas SA has received a fax of award from Petroleum Development Oman LLC (PDO) for a contract of USD 106.3 Million for Engineering, Procurement, Construction and Commissioning for Zauliyah Gas Plant. The Project is for approximately three years; and its scope includes ‘Modular based Gas Plant (On- Plot) and associated off-plot works effective from date of Commencement on October 09, 2012. Al Hassan Engineering Co SAOG and Tecnicas Reunidas SA (TR Spain) has bid this contract with their respective shares of 70% and 30% of total contract value. Full Article
Tecnicas Reunidas SA Signs USD 800 Million Contract in Saudi Arabia-Reuters
Reuters reported that Tecnicas Reunidas SA has signed a USD 800 million contract to build part of a petrochemical complex in Saudi Arabia that is expected to open in 2015. The Company was awarded the contract for the Chem-III project, in the Jubail Industrial City II, by Sadara Chemical Company, a joint venture between Saudi Arabian Oil and the Dow Chemical Company. Full Article
Tecnicas Reunidas SA Announces FY 2011 Complementary Dividend Payment
Tecnicas Reunidas SA announced a complementary dividend payment for fiscal year 2011 in the amount of EUR 36,974,274 and at a gross value of EUR 0.688 per share. Full Article
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