Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
State refiner Kuwait National Petroleum Company (KNPC) has awarded four key engineering and construction contracts worth a combined KD3.48bn ($11.5bn) for the long delayed 615,000 b/d refinery at Al-Zour. This comes just two weeks after KNPC got approval from the Supreme Petroleum Council (SPC) to raise the project’s budget by 22%.
The first contract, worth KD1.28bn ($4.25bn) for the main manufacturing units, went to a consortium comprising Spain’s Tecnicas Reunidas, China’s Sinopec and South Korea’s Hanwha Engineering and Construction, KPC spokesman Khalid al-‘Asusi said on 28 July.
The second and third contracts, for infrastructure and support units, valued at a combined KD1.745bn ($5.75bn), were awarded to a consortium made up of Texas-headquartered Fluor and the South Korean duo of Daewoo Engineering and Hyundai Heavy Industries. (CONTINUED - 709 WORDS)
DATA INSIDE THIS ARTICLE
|table||Kuwait Refining Capacity (‘000 B/D)|