Chicago Bridge signs up for Ras Issa refinery

20 February 2004
US-based Chicago Bridge & Iron Company (CB&I)has signed the front-end engineering and design (FEED) contract for the Ras Issa oil refinery project on the Red Sea.

The estimated $200 million-250 million grassroots refinery will be the first to be owned by the private sector in Yemen and will initially have a nameplate capacity of 30,000 barrels a day (b/d).

At a later date, there are plans to double it to 60,000 b/d (MEED 19:12:03).

The FEED is expected to take about six months, while construction will take a further 20-24 months.

The refinery will be designed to produce gasoline, liquefied petroleum gas (LPG), mogas, fuel oil and diesel. The facility will also include berths and storage tanks with capacity of 3 million b/d.

Canada's VECO carried out the feasibility study for the refinery, which will be financed on a 70:30 debt/equity basis. The client is Hoodoil, part of the local Natco (MEED 19:12:03).

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