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Released February 13, 2014 | JOHANNESBURG
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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.
View Project Report - 94100048 9100049 94100050 94100051
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
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.
View Project Report - 94100048 9100049 94100050 94100051
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
