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KBR, AYTB Joint Venture Wins Up to $170M from Saudi Aramco for Refinery Maintenance

KBR_LogoKBR Inc. (NYSE: KBR) announced Wednesday that its joint venture with AYTB has won a 7-year contract worth between $140 million and $170 million to provide refinery maintenance services to Saudi Aramco Total Refining and Petrochemical Co.

According to a Businessweek article,  KBR and AYTB will work to provide services for Aramco’s new plant in Jubail, Saudia Arabia, that is expected to begin production in 2013.

According to the article, this represents the first long-term maintenance contract in Saudi Arabia for KBR’s services business group.

The contract value will be determined by services rendered.

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