Jan 16, 2011

S.Korea firms lead race for Aramco's Wasit-sources



South Korean firms lead the race for deals to build Saudi Aramco's [SDABO.UL] largest gas plant Wasit, which is part of the state oil firm's push to raise gas processing capacity, industry sources said on Sunday.
Gas projects have taken priority in the world's top oil exporter as they can cater for rising domestic demand and help Saudi Arabia avoid burning oil it would rather sell internationally.
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Source: Reuters

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