Samsung Engineering Wins $3.8 Billion EPC Contract for Kuwait's Clean Fuel Refinery

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Samsung Engineering (KSX:028050) (Seoul, South Korea) will be part of a consortium to construct Kuwait's Mina Abdullah I clean fuels refinery project (CFP).

The consortium consists of Samsung Engineering (43%), Petrofac (OTC:POFCF) (St. Helier, Channel Islands) (47%) and Chicago Bridge & Iron (NYSE:CBI) (The Hague, Netherlands) (10%). Samsung Engineering will be responsible for the $3.8 billion engineering, procurement, and construction (EPC) contract. It also will be responsible for the pre-commissioning of the project on a lump-sum, turn-key basis.

The project is located in the Mina Abdullah province, 48 kilometers southeast of Kuwait City. The overall investment in Mina Abdullah I and II and the Mina al-Ahmadi refineries is estimated at $12 billion. The entire refinery development will increase capacity from the current 736,000 barrels per day (270,000 barrels per day Mina Abdullah refinery and 466,000 barrels per day Mina Al Ahmadi refinery) up to 800,000 barrels per day.

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