GS wins $1bn Takreer refinery contract in UAE

12 February 2008 03:10  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea's GS Engineering & Construction Corp said on Tuesday that it has won a $1.14bn (€786.6m) lump-sum turnkey order to build refining units for Abu Dhabi Oil Refining Co (Takreer).

GS will build a 35,000 bbl/day vacuum distillation unit, a 41,000 bbl/day hydrocracker and a 44,000 bbl/day hydrotreating unit at Ruwais, United Arab Emirates (UAE), it said in a statement on its website.

The proposed complex will be completed in 42 months, GS added.

Takreer operates a 140,000 bbl/day refinery in Ruwais, 240km west of Abu Dhabi city in the UAE.

($1 = €0.69)

By: Florence Tan
+65 6780 4359

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