Kuwait Awards $11.5bn Contracts For 615,000 B/D Al-Zour Refinery

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)