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Kuwait: Granting Korea And Japan US$8.3bn Contracts For Oil Refinery

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: Granting Korea And Japan US$8.3bn Contracts For Oil Refinery

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.

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