Turkey's Tekfen has been awardedthe engineering, procurement and construction (EPC) contract on the Ras Laffan-Mesaieed ethane pipeline project. Tekfen beat off competition from three other bidders for the contract, valued at QR 419 million ($114 million). The client is Qatar Petroleum(MEED 3:6:05).
Tekfen emerged as the frontrunner for the 24-month contract after submitting a low bid about 11 per cent cheaper than the next quote of QR 465 million ($127 million) offered by India's Punj Lloyd. The two other bidders - India's Larsen & Toubrowith the local Black Cat, and Athens-based Consolidated Contractors International Company (CCC)with the local Medgulf Construction- submitted prices of QR 620 million ($170 million) and QR 670 million ($184 million) respectively. The contract calls for the installation of a 16 inch-diameter, 130-kilometre-long pipeline and a 24-inch-diameter, 13-kilometre-long pipeline along with the construction of a new pumping station and modifications to six existing stations. QP has nominated India's WelspunGroupto supply the line pipe and the Japanese joint venture of Itochu Corporationand Hitachi Corporationto supply compressors. The pipeline will provide feedstock to petrochemical industries in Mesaieed, including the local/US Qatar Chemical Company I (Q-Chem I)complex.
You might also like...
UAE builds its downstream and chemicals potential
24 April 2024
Acwa Power eyes selective asset sales
24 April 2024
Bahrain mall to install solar carport
24 April 2024
Aramco extends Karan field bid deadline
24 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.
