Chicago Bridge & Iron Wins Storage Project in Saudi Arabia; Shares Rise 4% in Pre Market
8:29 AM 8/14/2017 - MT Newswires08:29 AM EDT, 08/14/2017 (MT Newswires) -- Chicago Bridge & Iron Company N.V (CBI), which provides services to customers in the energy infrastructure market, has been awarded a contract by Tecnicas Reunidas, S.A. for new product storage tanks at Saudi Aramco's refinery in Ras Tanura, Saudi Arabia.Financial terms of the deal were not disclosed. CB&I said its scope includes the engineering, procurement, fabrication and construction of nine flat bottom tanks, as well as modifications to numerous existing tanks, all of which were previously supplied by CB&I. CB&I will provide all fabrication and project management utilizing its local facilities in Al-Khobar. Price: 12.24, Change: +0.44, Percent Change: +3.73
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