Zamil Steel wins Saudi Aramco refinery contract

Zamil Steel Structural Steel Division (SSD), a unit of Zamil Industrial Investment Co. (Zamil Industrial) has been awarded a contract worth SAR 46 million (US$12.3 Million) for the fabrication and supply of steel works for the Saudi Aramco Mobil Refinery Company (SAMREF) clean fuels project located in the western region of Saudi Arabia. The contract was signed on 31 January 2011.

 The scope of the contract calls for the fabrication and supply of the structural steel requirements for the SAMREF Clean Fuels Project. SAMREF is a 400,000-barrel per-day oil refinery and an equally-owned joint venture between Saudi Arabian Oil Company (Saudi Aramco) and Mobil Yanbu Refining Company Inc. (a wholly-owned subsidiary of Exxon Mobil Corp.) located at Yanbu Al-Sinaiyah, Saudi Arabia.

Zamil Steel will begin the supply of the steel structures during the third quarter of 2011, and continue through the end of the third quarter of 2012. The contract's positive impact on the company's consolidated financials will be visible upon completion of each stage.