70745
Saipem Wins $850m Kuwait Refinery Deal
Saipem Wins $850m Kuwait Refinery Deal

Saipem Wins $850m Kuwait Refinery Deal

Saipem 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.”

 

Short URL : https://goo.gl/eVC5j6
  1. https://goo.gl/LuSihQ
  • https://goo.gl/tgkxyb
  • https://goo.gl/19ck8b
  • https://goo.gl/bfN2eM
  • https://goo.gl/6jkNjV

You can also read ...

Tabriz Oil Refinery
Operations to swap crude oil consignments shipped from...
Domestic Firm to Build 1ts SP Phase 11 Platform
An unnamed Iranian company will build the first jacket...
Britain's Quercus to Invest $600m in Iran Solar Project
British renewable energy investor Quercus will invest over €...
An oil spill near Kuwait’s Ras al-Zour in Persian Gulf waters.
Major oil exporter Kuwait is dealing with another crude oil...
Total SA Steps Up Renewables Drive
Oil major Total moved forward with its plan to expand in the...
Kharg NGL Project Gathers Momentum
Iranian Offshore Oil Company will hand over the development of...
NIOC could trim exports by at least 1 million barrels next month.
The National Iranian Oil Company has informed buyers in Asia...
Iraq Rules Out Further Crude Cuts
Iraq does not see the need for more output cuts now, but if...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus