Local builders sign oil refinery contracts in Kuwait
Daewoo E&C CEO Park Young-sik shakes hands with Mohammad Ghazi Al-Mutairi, Kuwait National Petroleum Company (KNPC) CEO, during a signing ceremony at KNPC’s headquarters in Kuwait, Tuesday./ Courtesy of Daewoo E&CBy Park Jin-haiFive local builders, including Daewoo E&C and Hyundai E&C, have signed contracts with the Kuwait National Petroleum Company, the companies announced Wednesday.In the $13 billion mega construction project to build the world's largest oil refinery in Al Zour, with a production capacity of 615,000 barrels a day, local builders won four out of five packages, bagging a total of $4.54 billion in contracts.Hanwha E&C, in consortium with Spain’s Tecnicas Reunidas and China’s Sinopec, won the Package One contract; while Daewoo E&C, together with Hyundai Heavy Industries and American engineering company Fluor won the Package Two and Package Three contracts. Hyundai E&C, in consortium with SK E&C and Italian oil company Saipem won Package Five.Daewoo E&C won the largest portion among the local builders in the pro
