Energy
0

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

Kuwait Awards $11.5b Contracts to Build  Al-Zour RefineryKuwait 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.

 

Financialtribune.com