Foster Wheeler takes Sharq PMC

27 August 2004
UK-based Foster Wheeler Energyhas been awarded the contract to provide project management consultancy (PMC) services to Eastern Petrochemical Company (Sharq)- a subsidiary of Saudi Basic Industries Corporation (Sabic)- for the planned $2,300 million expansion of its Jubail petrochemical complex. The contract is the second major PMC award won by Foster Wheeler since June for a local petrochemical project (MEED 18:6:04).

The Sharq expansion scheme covers the construction of a 1.5 million-tonne a year (t/y) mixed ethane/propane cracker, a 600,000-t/y ethylene glycol (EG) plant and an 800,000-t/y polyethylene (PE) unit. In addition to proving PMC services, Foster Wheeler will carry out front-end engineering design (FEED) for all units except for the cracker, which will be handled by the winner of the engineering, procurement and construction (EPC)-plus-ethylene technology contract, to be tendered before the end of the year.

It is understood that Sabic awarded the Sharq PMC contract to Foster Wheeler on the grounds that this would reduce cost by achieving synergies with the firm's other recent PMC award covering the grassroots olefins complex at Yanbu - a scaled-up version of Sabic's Jubail United Petrochemical Company (United)complex.

The Sharq expansion is due for completion in 2008. The company is a 50:50 joint venture between Sabic and a group of Japanese companies led by Mitsubishi Corporation, has scheduled project completion for 2008 (MEED 6:8:04).

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