State-run Kuwait Integrated Petroleum Industries Company (KIPIC) has invited companies to submit prequalification bids for the main contracts for two key plants within its mega $7.8bn Al-Zour petrochemicals complex project.

KIPIC has invited contractors to prequalify for the planned Olefins 3 and Aromatics 2 plants to be developed at the Al-Zour complex.

Companies have until 20 September to submit prequalification bids for the main engineering, procurement and construction (EPC) contracts for both jobs.

The Olefins 3 block is estimated to be worth $1.5bn, while the Aromatics 2 plant is valued at $5bn.

The third parcel within the Al-Zour petrochemicals complex is a $1.3bn gasoline block. The expression of interest (EOI) is expected to be issued by the client in August.

The UK’s Wood Group is doing the front-end engineering and design (feed) work on the megaproject.

Following the financial success of the Olefins 1 and 2 complexes, KIPIC is going ahead with the construction of the third Olefins block within the Petrochemical Refinery Integration Al-Zour (Prize) scheme.

The Aromatics 2 complex will also be integrated with Olefins 3 and the Al-Zour Refinery. It will convert butane to isobutane and produce clean-fuels blending components including methyl tert-butyl ether (MTBE).

The Al-Zour petrochemicals complex will produce 940,000 tonnes a year (t/y) of polypropylene, 1.4 million t/y of paraxylene, 420,000 t/y of gasoline, and 208,900 t/y of fuel using propane and naphtha from the nearby Al-Zour Refinery.

Work on the petrochemicals project is set to be completed in the third quarter of 2023, with commissioning scheduled for the first quarter of 2024.

This article has been unlocked to allow non-subscribers to sample MEED’s content for FREE. MEED provides exclusive news, data and analysis about the Middle East every day. Subscribe to MEED to have full access to Middle East business intelligence. Click here