'All the bidders will have been seen by the end of August and with the holiday season coming to a close there is no reason why a mandate should not be awarded during the last two weeks of September,' says one of the bidders.
The banks are bidding with legal partners: Allen & Overyis with Apicorp, and Denton Wilde Sapteis with ANZ.
The project will see the construction of a 260-kilometre-long, 24-inch-diameter mixed feedstock pipeline between Mina al-Fahal and Sohar (MEED 18:7:03).
The pipeline will have capacity to transport up to 116,000 barrels a day of mixed feedstock for the proposed Sohar refinery. The estimated $140 million project also includes the construction of a pressure reduction terminal.
Oman ILF & Partners Oman, a subsidiary of Germany's ILF & Partners, was awarded in late April the front-end engineering and design (FEED) contract (MEED 2:5:03, Oil & Gas).
The client is Oman Refinery Company.
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