Three main technical packages set to be released by end of May
Kuwait Petroleum Corporation (KPC) has prequalified six consortiums for the three technical packages at its planned $12bn New Refinery Project (NRP).
MEED reported in April that the tenders for the three packages, two of which will incorporate several technical units as well as one covering the offsite and utilities, will be issued in May.
The six consortiums are:
- Fluor Corporation/Hyundai Heavy Industries (US/South Korea)
- JGC Corporation/GS Engineering & Construction/SK Engineering & Construction (Japan/South Korea)
- KBR (US)
- Petrofac/Samsung Engineering/CB&I Lummus (UK/South Korea/US)
- Saipem/Hyundai Engineering & Construction/Marie Technimont/Daelim Industrial (Italy/South Korea)
- Tecnicas Reunidas/China Petrochemical Corporation/Hanwha Engineering & Construction (Spain/China/South Korea)
The packages are estimated to be worth about $9bn. Two packages have already been released that will cover the construction of the tank farm and marine facilities. Bids for these are expected in September.
The new refinery is key to the countrys hopes of meeting growing power demand. The 615,000 barrel-a-day (b/d) facility will supply 225,000 b/d of low-sulphur fuel oil for power generation. The scheme will be one of the largest single-phase refineries ever built.
Engineering, procurement and construction (EPC) contractors have had a long wait for the retender of the refining megaproject, which has been tendered twice before, only to be awarded and cancelled before construction could begin.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com 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.