CB&I Bags $60 Million Contract for Kuwait's Clean Fuel Petroleum Storage

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--CB&I (NYSE:CB&I) (The Hague, Netherlands) has been awarded a $60 million contract to construct storage tanks, which will be a part of Kuwait's massive Clean Fuels Project (CFP).

For related information, see December 2, 2014, article - Kuwait Invests $40 Billion in Clean Fuels, Refineries.

The contract was awarded by the JGSK joint venture (JV), which includes JGC Corp (OTC:JGCCF) (Yokohama, Japan), GS E&C and SK E&C (both South Korea).

The scope of the project covers the engineering, procurement, fabrication and construction (EPFC) of 39 storage tanks and two spheres for the CFP, which is a major initiative of Kuwait National Petroleum Company (KNPC).

"CB&I has a long history of experience for new construction and reconstruction work in Kuwait, and our infrastructure and capabilities in the Middle East will allow us to execute the scope of the work outlined for the CFP safely, efficiently and at the highest quality," said Luke Scorsone, president of CB&I's fabrication services operating group (Houston, Texas).

In March 2014, the JGSK consortium won a $4.4 billion contract to provide engineering, procurement and construction (EPC) and commissioning assistance for CFP-related work at the Mina Al Hamada refinery.

Under the CFP project, KNPC will integrate and upgrade the 270,000-barrel-per-day (BBL/d) Mina Abdullah refinery and the 466,000-BBL/d Mina Al Ahmadi refinery. Following the completion of the Al Zour refinery, the old refinery at Shuaiba will be closed, and the newly integrated refineries will be operated as a merchant complex, with a total capacity of about 800,000 BBL/d.

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