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Comment Business & Economics

JGC wins major EPC contract for refinery in Kuwait

By Gerald Ondrey |

JGC Corp. (Yokohama, Japan; www.jgc.co.jp) and its partner GS Engineering & Construction (GS), Korea, announced today that they received Award Notification by Kuwait National Petroleum Co. (KNPC) to provide engineering, procurement, construction (EPC) and commissioning services for the NRP Project, Package 1 – in Al-Zour, Kuwait. Package 1 of the Project calls for the engineering, procurement, construction and commissioning of the core units including crude distillation unit (615,000 bbl/d) and atmospheric residue desulphurization unit (330,000 bbl/d) of the new refinery. JGC will install atmospheric residue desulphurization unit, heavy oil cooling unit, saturated gas unit and flair stack. The project’s other four packages cover process, offsite & utility, tank and marine facilities. Upon completion, the New Refinery will produce low-sulfur fuel oil for power generation to cope with the high demand for electricity in Kuwait. As this contract is not the lump-sum base, the firm contract value is not agreed at the timing of the award. The contract value of the group is provisionally estimated $4 billion and the contract value of JGC is approximately $2 billion plus. The award to JGC and GS reflects the high regard…
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