26 January 2012 08:02 [Source: ICIS news]
SINGAPORE (ICIS)--Technip has been awarded a contract worth more than €900m ($1.2bn) by Russia’s Lukoil Neftochim Burgas to build a 2.5m tonne/year heavy residue hydro-cracking complex at its refinery at Burgas in Bulgaria, the French company said late on Wednesday.
The turnkey engineering, procurement and construction contract, which was awarded by the subsidiary of Russian refining and petrochemical firm Lukoil, covers the construction, pre-commissioning and commissioning of the vacuum residue hydro-cracker based on French oil refining firm Axens’ H-Oil process, Technip said in a statement.
In addition, Technip will build an amine regeneration unit, sour water stripper, hydrogen production units, utilities and provide offsite upgrading at the complex.
Technip's operating centre in Rome will execute the construction, which is scheduled to be completed by end of January 2015, the statement added.
($1 = €0.76)
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