Banias sets deadline for bitumen bids

24 February 2006

Bids are due to be submitted by 22 March for a 400,000-tonne-a-year grassroots bitumen plant to be built at the Banias refinery. Prospective bidders for the estimated $10 million contract include Iran's Namvaran Engineering & Management, Prague-based TechnoExport (TEX) and Romania's Industrialexport. The client is Banias Refinery Company (BRC).

The contract is part of the estimated $400 million modernisation of the refinery, which has been under consideration for several years by the government. 'The client is yet to set a date for the modernisation tender - they don't know whether they will award the project as one whole package or break it up into two or three packages,' says a project source.

Prequalification applicants for the engineering, procurement and construction (EPC) contract include Namvaran, South Korea's Samsung Engineering Company, Engineers India (EIL), Larsen & Toubro, also of India, Industrialexport, China National Petroleum Corporation and unidentified Italian and Spanish companies (MEED 28:10:05). It includes the installation of a desulphurisation unit, a visbreaker, hydrocracker and related facilities to improve product quality. The contract will also include the installation of a vacuum distillation unit (VDU) and a crude distillation unit (CDU) to improve the production of gas-oil. France's Beicip Franlab carried out the front-end engineering and design (FEED) package.

The client is the Petroleum & Mineral Resources Ministry, acting on behalf of BRC. The project is being funded by BRC, but there is an option for the successful contractor to arrange financing (MEED 28:10:05).

You might also like...

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications