Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Spain
  4. Bolsas y Mercados Espanoles
  5. Técnicas Reunidas, S.A.
  6. News
  7. Summary
    TRE   ES0178165017

TÉCNICAS REUNIDAS, S.A.

(TRE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tecnicas Reunidas S A : Saudi Aramco awards TR the Sour Water Stripper Project for the Ras Tanura Refinery, Saudi Arabia

07/28/2020 | 12:05pm EST

Saudi Aramco awards TR the Sour Water Stripper Project for the Ras

Tanura Refinery, Saudi Arabia

Saudi Aramco, the Saudi National Oil Company, and Técnicas Reunidas (TR) have signed today the contract for for the execution on lump sum turn-key basis of a new Sour Water Stripper unit for the Ras Tanura Refinery, located in the eastern coast of Saudi Arabia.

The Project, with a value over 80 M$, has a schedule of thirty-four months up to completion. The scope of the contract includes engineering, procurement and supply, construction and assistance to the start-up of the plant. The Project consists of the Sour Water Stripper Unitnad the "Tie in" to the existing facilities. The Sour Water Stripper awarded is intended to strengthen recovery of hydrogen sulfide and ammonia from the refinery water network, thus enhancing the quality of the water that will be reused by different units in the complex from a circular economy perspective.

This is a new and independent contract from the "Clean Fuels" Project, undertaken by Técnicas Reunidas and currently very close to its satisfactory completion. TR was awarded at the end of 2016 the whole scope of the "Clean Fuels" Project, including not only the Process Units conceived for improving the quality of the fuels up to Euro 5 standard, (Naphtha Hydrotreater, Catalytic Reforming, Isomerization), but also the corresponding Flare and Buildings and the modernization of the Refinery Utilities.

It is important to highlight that TR has been able to secure the award amidst the difficulties imposed by the Covid-19 pandemic to the energy sector worldwide

With this new accomplishment, TR consolidates its position in the Saudi market and shows how the trust received from one of its most important Clients, Saudi Aramco, is reinforced day by day. TR has been working uninterruptedly for Aramco for the las twenty years. This contract is the twenty second major job in the Kingdom for a Saudi Client since 2003. TR has carried out works for Aramco not only in Ras Tanura (the largest refinery in Saudi Arabia) but also in all other major refineries owned by Aramco in the Kingdom, including the export refineries devoted to the production of fuels with Euro 5 standard..

Saudi Aramco is the world's largest oil company and the leader in exploration, production, refining and distribution of oil and oil products, as well as the largest oil and LNG exporter. Based in Dhahran (Saudi Arabia), Saudi Aramco has subsidiaries and branches in Saudi Arabia, China, Japan, India, Netherlands, South Korea, Singapore, UAE, Egypt, United Kingdom and USA.

Técnicas Reunidas is one of the leading international engineering companies that develops projects to respond to energy demand needs and obtaining environmentally friendly products for a wide spectrum of customers worldwide. Our commitment is to optimize the production efficiency, in accordance with the sustainability principles of the different countries in which we have presence. Since 1960, TR has designed and built more than 1,000 industrial plants in more than 50 countries.

Disclaimer

Tecnicas Reunidas SA published this content on 28 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2020 16:05:05 UTC


© Publicnow 2020
All news about TÉCNICAS REUNIDAS, S.A.
2021TECNICAS REUNIDAS S A : Técnicas Reunidas and its Emirati partner Target win a 950 million..
PU
2021T?cnicas Reunidas, S.A. Reports Earnings Results for the Nine Months Ended September 30..
CI
2021Cobas Asset Management, SGIIC, SA acquired additional 2.15% stake in T?cnicas Reunidas,..
CI
2021TECNICAS REUNIDAS S A : Turkish President Recep Tayyip Erdogan, presides over the groundbr..
PU
2021TECNICAS REUNIDAS S A : reinforces the integration Artificial Intelligence in its digitali..
AQ
2021TECNICAS REUNIDAS S A : Técnicas Reunidas reinforces the integration Artificial Intelligen..
PU
2021TECNICAS REUNIDAS S A : Técnicas Reunidas joins Grupo Español para el Crecimiento Verde
PU
2021TECNICAS REUNIDAS S A : Técnicas Reunidas wins the Retina sustainable ecosystem award
PU
2021TECNICAS REUNIDAS S A : Técnicas Reunidas signs a framework agreement to bid for $1 billio..
PU
2021TECNICAS REUNIDAS S A : Gulf Oil and Gas - Qatar Petroleum Awards EPC Contract to Tecnicas..
AQ
More news
Financials
Sales 2021 3 043 M 3 452 M 3 452 M
Net income 2021 -139 M -158 M -158 M
Net cash 2021 10,6 M 12,0 M 12,0 M
P/E ratio 2021 -3,08x
Yield 2021 -
Capitalization 413 M 468 M 468 M
EV / Sales 2021 0,13x
EV / Sales 2022 0,09x
Nbr of Employees 7 458
Free-Float 55,3%
Chart TÉCNICAS REUNIDAS, S.A.
Duration : Period :
Técnicas Reunidas, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TÉCNICAS REUNIDAS, S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 7,69 €
Average target price 9,87 €
Spread / Average Target 28,4%
EPS Revisions
Managers and Directors
Eduardo González de Heredia San Miguel Chief Financial Officer
Juan Lladó Arburúa Executive Chairman
Felipe Revenga López Chief Operating Officer
Fernando de Asúa Álvarez Second Vice Chairman
Francisco Javier Gómez-Navarro Navarrete Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
TÉCNICAS REUNIDAS, S.A.10.58%468
SCHLUMBERGER LIMITED23.71%51 968
HALLIBURTON COMPANY23.04%25 189
BAKER HUGHES COMPANY11.06%24 288
NOV INC.18.60%6 278
CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED-2.39%4 585