Bidding pipeline in West Asia remains very strong: Larsen & Toubro

Engineering conglomerate Larsen & Toubro (L&T) on Monday said its bidding pipeline from West Asia remains strong. The company commentary followed after news reports that oil major Saudi Aramco has cancelled the bidding process for one of its planned expansions, where L&T was a potential contractor.

According to energy news portal Upstream, Saudi Aramco, the world’s largest oil exporter, has cancelled the bid process for multiple engineering, procurement, construction, and installation contracts potentially worth upwards of $10 billion for the expansion of its huge Safaniyah oilfield.