Athens-based Consolidated Contractors International Company (CCC) has won the estimated $140 million construction subcontract for the process units and utilities, while Dubai-based Dodsal has taken the estimated $30 million construction subcontract for offsite utilities. The two subcontracts, which include civil, mechanical, electrical and instrumentation works, are due to be completed in the first quarter of 2006.
A third subcontract, valued at $50 million, has gone to the US’ Chicago Bridge & Iron Company (CB&I). It covers the supply and installation of 55 product storage tanks, a water tank and 16 spheres.
JGC signed in May the $879 million engineering, procurement and construction (EPC) contract to build the 116,000-barrel-a-day refinery, which is due to enter production in mid-2006 (MEED 23:5:03).
The project is being part-financed by a $647 million commercial loan, which was launched into syndication in early October (see Banking & Finance). The client is Sohar Refinery Company, a wholly- owned subsidiary of Oman Refinery Company (MEED 25:10:02).