Abu Dhabi Oil Refining Company (Takreer) has prequalified seventeen local and international engineering firms for a deal to build new oil storage facilities in Sharjah.

Technical bids for the estimated $150m deal will be submitted on 30 October and commercial proposals on 28 November, according to a source close to the project.  

The seventeen prequalified firms include:

• Litwin (France)
• Saipem (Italy)
• National Petroleum Construction Company (local)
• Hyundai Engineering & Construction (South Korea)
• China Petroleum & Chemical Corporation (China)
• Samsung Construction & Trading (South Korea)
• Hanwha Engineering & Construction Corporation (South Korea)
• Tekfen Construction (Turkey)
• Punj Lloyd Limited (India)
• Indian Oil Tanking (India)
• Chicago Bridge & Iron Company (US)

The winning firm will build nine tanks with 83,000 cubic metres of storage capacity for refined oil and gas products including jet fuel, diesel, gasoline and fuel oil on the Sharjah coast. Originally being developed by Abu Dhabi National Oil Company’s (Adnoc) subsidiary Adnoc Distribution, the project was taken over by Takreer, another Adnoc subsidiary, early in the second quarter of the year.

Five firms originally bid for the deal in September 2009 including; the local Al-Jaber Energy Services, Italy’s Belleli Energy, Lebanon’s Contracting & Trading, Punj Lloyd and Indian Oil Tanking, but the tender was cancelled in January as Adnoc commissioned more detailed engineering works on the scheme (MEED 22:1:10).