17 August 2017
Italian engineering firm Saipem has been awarded a contract in Kuwait to build pipelines for the new Al Zour Refinery.
The company said the $850 million engineering, procurement, construction and commissioning contract was awarded by the Kuwait Oil Company (KOC), which is a subsidiary of state-owned Kuwait Petroleum Corporation.
The work involves the construction of a system of feed pipelines for the plant of varying diametres. The pipelines will be approximately 450km long and will be used to transport crude oil from KOC's South Tank Farm manifolds to the new refinery. A new pipeline network will also be set up to deliver refined fuel to a storage area at the Mina Al Ahmadi refinery, which will be used to feed the Northern Power Station.
Stefano Cao, Saipem CEO, said: “We welcome with particular satisfaction this new contract from such an important client as KOC, both because it marks a new milestone for the company in the onshore E&C sector and, above all, because it reinforces and consolidates Saipem’s presence in Kuwait, a country where we have been operating for over 30 years."
The Al Zour refinery is a new, $16 billion refinery petrochemical complex which is being build under five separate packages. The first one is being delivered by a Techinicas, Hanwha and Sinopec joint venture, while the second and third packages are being built by Fluor, Daewoo and Hyundai Heavy Industries, the fourth is being delivered by Saipem and Essar Oil and the fifth by Saipem, Hyundai Engineering and SK Holdings.
The refinery is expected to be completed by the end of 2019
© Zawya 2017
Italian engineering firm Saipem has been awarded a contract in Kuwait to build pipelines for the new Al Zour Refinery.
The company said the $850 million engineering, procurement, construction and commissioning contract was awarded by the Kuwait Oil Company (KOC), which is a subsidiary of state-owned Kuwait Petroleum Corporation.
The work involves the construction of a system of feed pipelines for the plant of varying diametres. The pipelines will be approximately 450km long and will be used to transport crude oil from KOC's South Tank Farm manifolds to the new refinery. A new pipeline network will also be set up to deliver refined fuel to a storage area at the Mina Al Ahmadi refinery, which will be used to feed the Northern Power Station.
Stefano Cao, Saipem CEO, said: “We welcome with particular satisfaction this new contract from such an important client as KOC, both because it marks a new milestone for the company in the onshore E&C sector and, above all, because it reinforces and consolidates Saipem’s presence in Kuwait, a country where we have been operating for over 30 years."
The Al Zour refinery is a new, $16 billion refinery petrochemical complex which is being build under five separate packages. The first one is being delivered by a Techinicas, Hanwha and Sinopec joint venture, while the second and third packages are being built by Fluor, Daewoo and Hyundai Heavy Industries, the fourth is being delivered by Saipem and Essar Oil and the fifth by Saipem, Hyundai Engineering and SK Holdings.
The refinery is expected to be completed by the end of 2019
© Zawya 2017
