Kuwait Awards $11.5b Contracts to Build  Al-Zour Refinery

Kuwait Awards $11.5b Contracts to Build Al-Zour Refinery

State-run Kuwait National Petroleum Company awarded on Tuesday $11.5 billion worth of contracts to build its planned Al-Zour refinery.
KNPC commissioned a consortium, including Spain’s Tecnicas Reunidas, China’s Sinopec and South Korea’s Hanwha Engineering and Construction, to build the main processing units of the refinery worth $4.2 billion, Kuwaiti state news agency KUNA reported.
A consortium, including Daewoo Engineering and Construction, Hyundai Heavy Industries and Fluor Corp. of the United States, will build support units and infrastructure services for $5.7 billion.
Meanwhile, a consortium, including Hyundai Engineering and Construction, SK Engineering and Construction and Italy’s Saipem, was awarded a $1.5 billion contract to build a marine export terminal, KUNA quoted KNPC Spokesman Khalid al-Asousi as saying.
Asousi added that he expected the last major contract for the project to be awarded in the next two weeks, while the signing of all contracts was to take place in early October.


Short URL : http://goo.gl/1egCRL

You can also read ...

Japan to Toe US Line, Stop Iranian Oil Imports
Japanese oil distributors are preparing to stop importing...
Canada Ships Biggest Oil Consignment to China
A tanker loaded with around 514,000 barrels of oil has set...
Saudis Reap Benefit From US-China Trade War
Saudi Aramco is winning thanks to US President Donald Trump’s...
Oil Prices Set to Drop Over Excess Supply
Crude prices rose on Friday, but were still set for a weekly...
South Pars has 24 standard phases, most of which are fully operational.
The giant South Pars Gas Field in the Persian Gulf is slated...
7 Power Projects Take Off
Energy Minister Reza Ardakanian on Thursday inaugurated seven...
Oman to Finalize Gas Supply Contract by August
Tehran and Muscat are planning to sign a final agreement on...