The marine package of the Kuwait New Refinery Project is proceeding on schedule, according to a source close to the project.

Remediation work on the site for the package, which is known as package five, was completed in April and the installation of main components is currently ongoing, according to the source.

Package five is part of the Kuwait Integrated Petrochemical Industries Company (KIPIC) megaproject to build a $13bn refinery in the Al-Zour region.

The contract for package five is worth $1,487m and was awarded to a consortium of Hyundai E&C (South Korea), SK E&C (South Korea) and Saipem (Italy) in July 2015.

The scope of the package includes the construction of a solid pier, a sulphur pelletising and conveying unit, subsea outfall lines, a construction dock, a small harbour and an artificial offshore island capable of berthing four liquid tankers.

It is expected to be completed in 2019.