Civil, Piping Contract Awarded for $1.2 Billion Expansion of Sohar Refinery in Oman

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Oman Oil Refineries and Petroleum Industries Company's (Orpic) Sohar Refinery expansion is moving ahead, following the awarding of a civil and underground piping work contract. Al Hassan Engineering (Oman) received a letter of intent for the contract from Daelim-Petrofac, the project's engineering, construction and procurement (EPC) joint venture.

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The estimated value of the contract is $68 million. The contract is expected to be completed by April 2016.

Daelim-Petrofac, the 50:50 joint venture of Petrofac (LSE:PFC.L) (St. Helier, Channel Islands), an international and gas services provider, and Daelim Industrial (KSX:000210.KS) (Seoul, South Korea), was awarded the $1.2 billion refinery EPC contract in late 2013.

The 36-month EPC contract includes improvements at the existing facility and the addition of new units, which are expected to increase output more than 70% to 198,000 barrels per day.

For related information, see September 28, 2012, article - Orpic Shortlists EPC Firms for $1.2 Billion Sohar Refinery Expansion.

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