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Saipem Wins $850m Kuwait Refinery Deal

Saipem Wins $850m Kuwait Refinery DealSaipem Wins $850m Kuwait Refinery Deal

Italy-based Saipem, a leading oil and gas contractor, has won a new contract worth $850 million for the engineering, procurement, construction and commissioning of the feed pipelines of the New Refinery Project in Al-Zour south of Kuwait.

The contract has been awarded by Kuwait Oil Company, a subsidiary of the country’s national oil company, the Kuwait Petroleum Corporation, TradeArabia reported.

Saipem is a world leader in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil and gas market.

The scope of work comprises the construction of a system of pipelines of various diameters, approximately 450 kilometers in length, for the transportation of crude oil and gas from a number of KOC South tank farm manifolds to the new Al-Zour refinery.

The project also includes developing a network for transporting refined products to the storage areas present in the refinery of Al-Ahmadi. These products will also be used to feed the Northern Power Station owned by the Water and Electricity Ministry.

Stefano Cao, Saipem CEO, commented: “We welcome with particular satisfaction this new contract from such an important client as KOC, both because it marks a new milestone for the company in the onshore E&C [engineering and construction] sector and, above all, because it reinforces and consolidates Saipem’s presence in Kuwait, a country where we have been operating for over 30 years and in which we have built solid and lasting relations that reflect our sustainable business model.”

 

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