State refiner Kuwait National Petroleum Company (KNPC) has awarded four key engineering and construction contracts worth a combined KD3.48bn ($11.5bn) for the long delayed 615,000 b/d refinery at Al-Zour. This comes just two weeks after KNPC got approval from the Supreme Petroleum Council (SPC) to raise the project’s budget by 22%.
The first contract, worth KD1.28bn ($4.25bn) for the main manufacturing units, went to a consortium comprising Spain’s Tecnicas Reunidas, China’s Sinopec and South Korea’s Hanwha Engineering and Construction, KPC spokesman Khalid al-‘Asusi said on 28 July. (CONTINUED - 709 WORDS)
