Orpic Lines Up Liwa Plastics Contracts, But Costs Rise

Omani state refiner Orpic has announced the preferred bidders for three of four engineering, procurement and construction (EPC) contracts for the Liwa Plastics complex. The plant will be built at Sohar for 2018 start-up. However, Orpic now estimates the total cost of the project at $5.2bn – almost 45% higher than originally anticipated.

Orpic named Italy’s Tecnimont, a joint venture of Korea’s GS Engineering and Construction and Japan’s Mitsui, and India’s Punj Lloyd as the preferred bidders for three packages: an NGL extraction plant in Fahud, an NGL pipeline between Fahud and Sohar and three plastics units in Sohar. Orpic has yet to say which bidder was preferred for which package. (CONTINUED - 477 WORDS)