Kuwait awards contracts to build oil refinery to Japanese, South Korean companies
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TMCNet:  Kuwait awards contracts to build oil refinery to Japanese, South Korean companies

[May 11, 2008]

Kuwait awards contracts to build oil refinery to Japanese, South Korean companies

(Associated Press WorldStream Via Acquire Media NewsEdge) KUWAIT CITY_The state-owned Kuwait National Petroleum Co. says it has awarded contracts worth around US$8.3 billion to build an oil refinery to Japanese and South Korean companies.

The company told the official Kuwait News Agency Sunday the main contract to build the 615,000 barrels a day refinery at Mina al-Zour south of Kuwait City went to Japan's JGC and South Korea's GS Engineering and Construction Corp. for US$3.99 billion.



Another US$2.06 billion was awarded to South Korea's SK Engineering and Construction Co. Dailem Industrial Co., also of South Korea, will build the facility's tank farm for US$1.18 billion, and Hyundai Engineering and Construction Co. will build offshore facilities for US$1.12 billion.

The refinery, Kuwait's fourth, is to come on line in 2012.



Copyright ? 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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