Contract was awarded by the Kuwait Oil Company (KOC)
According to a statement issued on its website, Saipem has just signed a deal for the engineering, procurement, construction and commissioning of feed pipelines for the new Al Zour refinery in Kuwait. The contract is worth approximately $850m, and was awarded by the Kuwait Oil Company (KOC), a subsidiary of Kuwait Petroleum Company (KPC).
The scope of work specifies the construction of 450km of pipelines of varying diameter, for the transportation of crude oil and gas from various KOC South Tank Farm manifolds to the new refinery.
“We welcome with particular satisfaction this new contract from such an important client as KOC, both because it marks a new milestone for the Company in the onshore E&C sector and, above all, because it reinforces and consolidates Saipem’s presence in Kuwait, a country where we have been operating for over 30 years and in which we have built solid and lasting relations that reflect our sustainable business model,” said Stefano Cao, Saipem CEO.
The scope also covers the development of a network for the transportation of the refined products to the storage areas present in the refinery of Mina Al Ahmadi. These products will also be used to feed the Northern Power Station owned by the Ministerial body for water and electricity.