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Saipem awarded onshore USD850 MM E&C contract for Kuwait pipeline, refinery project

August 21/2017

MOSCOW (MRC) -- Saipem has been awarded a new contract in the onshore E&C sector worth approximately USD850 MM. Activities involve engineering, procurement, construction and commissioning for the "Feed Pipelines for New Refinery Project (NRP)" in relation to the development of the new Al Zour refinery located in the south of Kuwait.

The scope of work comprises the construction of a system of pipelines of various diameter, approximately 450 km in length, for the transportation of crude oil and gas from various KOC South Tank Farm manifolds to the new Al Zour refinery. The project also includes the realization 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.

As MRC informed before, last year, Saipem, the Italian oil services group, filed a EUR759m claim against Gazprom following the cancellation of the South Stream project to pipe Russian gas to Europe. For the Russian state gas group, the claim highlights the cost of its attempts to build a pipeline across the Black Sea, which have twice been scuppered by political disputes in little over a year.

Saipem S.p.A. (Societa Anonima Italiana Perforazioni E Montaggi) is an Italian oil and gas industry contractor. It is a subsidiary of Italian energy company Eni, which owns approximately 30% of Saipem's shares. Saipem has been contracted for designing and constructing several pipelines, including Blue Stream, Greenstream, Nord Stream and South Stream.
Author:Margaret Volkova
Tags:PE, extrusion coating, steel pipes, large-diameter pipes, Gazprom, Eni, Kuwait, Russia.
Category:General News
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