Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Saipem, Koreans in $1.5bn Kuwait deal

    Saipem, Koreans in $1.5bn Kuwait deal

    July 29, 2015
    Share
    Facebook Twitter LinkedIn WhatsApp

    29 July 2015,  News Wires – Italy’s Saipem and two South Korean contracting giants have shared a deal worth $1.5 billion to build a marine export terminal for Kuwait National Petroleum Company (KNPC), according to a report.

    Kuwait MapThe trio – comprising Saipem, SK Engineering and Hyundai Engineering & Construction – won the contract for work at the yet-to-be-built al-Zour refinery, Kuwaiti state news agency KUNA said.

    The contract is worth 454 million dinars ($1.5 billion) and is one of several contracts worth a total of 3.48 billion dinars handed out by KNPC in relation to the refinery, it said, citing a company spokesman.

    A consortium of Chinese oil giant Sinopec, Spain’s Tecnicas Reunidas and South Korea’s Hanwha Engineering & Construction won the 1.28 billion dinars contract to build the main process units.

    A consortium of US player Flour and South Korean duo Daewoo Engineering & Construction and Hyundai Heavy Industries landed the 1.74 billion dinars contract for support units and infrastructure services, KUNA said.

    The last major contract for the refinery is set to be awarded in two weeks, with all deals to be signed in October.

     

    – Upstream

    Related News

    Valero beats estimates as refining margins offset renewable diesel loss

    US prepares to allow limited oil operations in Venezuela, starting with Chevron, sources say

    Chevron tells Hess staff to focus on safety as they await job updates

    E-book
    Resilience Exhibition

    Latest News

    South African markets falter, U.S. trade barriers amplify risks

    July 25, 2025

    Sierra Leone and AfDB target $90bn in annual illicit financial flows

    July 25, 2025

    Valero beats estimates as refining margins offset renewable diesel loss

    July 25, 2025

    Crude prices climb as U.S. inventory draw and trade optimism offset Venezuelan supply prospects

    July 25, 2025

    US prepares to allow limited oil operations in Venezuela, starting with Chevron, sources say

    July 25, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.