|
| Background |
Saudi KayanSaudi Kayan plans to develop the Storage Tanks package as part of Saudi KayanSaudi Kayan's Petrochemical complex project in Jubail Industrial City in Saudi Arabia.
The project includes the construction of 8 tanks to store water, fire service water, monoethylene glycol (MEG), crude storage and one sphere for mixed butane storage.
Fluor CorporationFluor Corporation is the FEED consultant and the PMC. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| May 2010 |
Completion | Project completed
|
|
| Latest Events |
In May 2010, the project was completed. |
| Previous Events |
In April 2010, commissioning started.
In Q1 2008, construction started.
In August 2007, the EPC contract was awarded to Dayim Punj Lloyd Construction Contracting Company.
In October 2006, ITB for the EPC contract was issued.
In June 2005, the FEED contract was awarded to Fluor CorporationFluor Corporation for the whole project.
In May 2005, the PMC contract was awarded to Fluor CorporationFluor Corporation for the whole project. |
| Scope of Work |
The project includes the construction of 8 tanks to store:
- water
- fire service water
- monoethylene glycol (MEG)
-crude storage
- one sphere for mixed butane storage. |
| Financing Source |
In December 2008, Saudi KayanSaudi Kayan signed the last part of the USD 6 billion financing contract with Saudi Industrial Development Fund for a value of USD 533 million.
In May 2008, Saudi KayanSaudi Kayan signed a USD 6 billion financing contract with a group of banks and financial institutions for a period of 15 years.
In February 2008, the Public Investment Fund (PIF) approved a loan worth USD1.068 billion (SAR4 billion) to Al Kayan Petrochemical Company to finance part of the project.
In May 2007, Saudi KayanSaudi Kayan raised USD 6 billion in loan to part-finance the project. Kayan will get USD 1 billion from the government's Public Investment Fund, while the rest is arranged by Samba Financial Group, Arab Banking Corporation, BNP Paribas and HSBC Saudi Arabia. The duration of the loan will be 15 years.
In May 2007, Saudi KayanSaudi Kayan offered an initial public offering (IPO) for a 45 % stake in its capital. |
| Contract Packages |
| Type |
Project Name |
Contract Value |
 |
Saudi Kayan - Jubail Petrochemicals Complex |
USD 12,500,000,000 |
 |
Saudi Kayan - Jubail Petrochemicals Complex - Natural Alcohol Detergent Plant |
USD 130,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Amines Plant |
USD 400,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - EO/EG Plant |
USD 500,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - HDPE Plant |
- |
|
Saudi Kayan - Jubail Petrochemicals Complex - LDPE Plant |
USD 426,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Offsites and Utilities |
USD 600,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Phenolics Complex |
USD 1,200,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Polycarbonate Plant |
USD 1,300,000,000 |
|
Saudi Kayan - Jubail Petrochemicals Complex - Polypropylene Plant |
USD 341,000,000 |
|
|
| Schedule | Contract Phase/Phase | Description |
| May 2005 |
PMC | Contract awarded to Fluor CorporationFluor Corporation
|
| Jul 2005 |
FEED | Contract awarded to Fluor CorporationFluor Corporation
|
| Oct 2006 |
EPC | ITB issued
|
| Aug 2007 |
EPC | Contract awarded to Dayim Punj Lloyd Construction Contracting Company
|
| Q1 2008 |
EPC | Construction started
|
| Apr 2010 |
Commissioning | Commissioning started
|
| May 2010 |
Completion | Project completed
|
|
|
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