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Kazakhstan picks Petrofac engineering consortium to expand petrochemicals

September 23/2013

MOSCOW (MRC) -- Petrofac, an international service provider to the oil and gas industry, Linde and GS Engineering & Construction Corporation have been engaged by KLPE to provide services to the development of its Integrated Petrochemicals Complex and Infrastructure project, in the Tengiz and Karabatan regions of Kazakhstan worth up to USD3.58 billion in total, according to Hydrocarbonprocessing.

The first part of the contract is worth USD77 million, of which USD21 million is Petrofac's share, and will involve the consortium undertaking engineering work on an open book estimate.

Petrofac will lead the consortium for the execution of the Integrated Petrochemicals Complex and Infrastructure, or IPCI, project.

Subject to satisfactory conclusion of the open book estimate, and successful contract conversion, it is contemplated that the IPCI project will move into a second phase, in excess of USD3.5 billion, for a polyethylene plant comprising two streams each producing 400,000 tpa of product.

Eventual scope for the IPCI petrochemical project will include the engineering, procurement, construction and commissioning of a gas plant, ethane cracker, gas pipelines, polyethylene plants and associated utilities and offsites in the Tengiz and Karabatan areas.

We remind that, as MRC informed previously, South Korean petrochemical company LG Chem is planning to build an ethylene production plant in Atyrau, Kazakhstan. The project is going to be constacted in collaboration with two other Kazakh firms. The production is expected to begin in late 2016. LG projects that the plant will manufacture up to 800,000 tonnes of ethylene a year by injecting a USD4.2 billion investment into the complex.
Author:Margaret Volkova
Tags:PE, ethylene, neftehimiya, LG Chem, Linde Group, Kazakhstan.
Category:General News
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