Técnicas Reunidas secures two major upstream contracts in the Middle East oil sectorExecutive summary: Técnicas Reunidas was awarded two major upstream engineering, procurement and construction contracts for a petroleum field in the Middle East by a national oil company. The contracts strengthen Técnicas Reunidas’ position in the regional oil market and may increase upstream investment flows in the area. Técnicas Reunidas and the unnamed national oil company; the Middle Eastern oil field. The projects are expected to move into execution phases within the next months, with potential for further contract awards in the region.Técnicas Reunidas has been awarded two large engineering, procurement and construction contracts for upstream facilities at a Middle Eastern oil field by a national oil company. The contracts expand the company’s project pipeline in the region and signal continued investment in oil infrastructure despite shifting energy dynamics. The deals involve collaboration with a state-owned oil firm and are expected to influence project scheduling and capital allocation in the sector.Connected developmentsIran and US approach a peace agreement affecting oil marketsOpen the full case file on Beyond →
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