Upstream was told that a contract is expected soon, and there were suggestions, albeit unconfirmed so far, that Spain’s Intecsa Industrial may have put in the lowest bid.
Intecsa is said to “have offered an attractive” price and looks to have an edge in the race for the Bab job, a source said.
“We are hearing that Intecsa is the frontrunner for the Bab project and has quoted the lowest price of less than $3 billion,” another source from one of the rival bidders told Upstream.
However,
