Kuwait National Petroleum Company, KNPC, the national oil refining company of Kuwait, has granted contracts to build the 615,000 barrel per day Al-Zour oil refinery to Korean and Japanese construction companies
Kuwait National Petroleum Company, KNPC, the national oil refining company of Kuwait, has granted contracts to build the 615,000 barrel per day Al-Zour oil refinery to Korean and Japanese construction companies.
The total value of the bids made by the companies was around US$8.3 billion.
Texas based Fluor was awarded a consultancy contract.
One contract for the main manufacturing units was awarded to a consortium of Japanese JGC Corp and South Korea's GS Engineering and Construction Corp for US$4 billion.
SK Engineering and Construction of Korea was awarded the subsidiary units for US$2.06 billion, while Daelem Industries, another South Korean firm, won a contract of tanks for US$1.184 billion.
Korea's Hyundai Engineering and Construction Co was awarded a contract for offshore facilities at US$1.12 billion, Ajmi said.
Kuwait has earmarked KD4 billion (US$15 billion) to build the new refinery to be constructed in the southern Al-Zour area, close to the border with Saudi Arabia.
