30 May 2013 09:00 [Source: ICIS news]
KUWAIT (ICIS)--Kuwait National Petroleum Co said late on Wednesday it has signed a $516m (€397m) contract with South Korean engineering firm Daelim Industrial for repair and expansion of the sulphur processing facilities at the oil firm’s Mina Al-Ahmadi refinery.
Daelim will carry out designing, engineering, and construction, as well as the test run of the new facilities.
It will also install new equipment, including large tanks for liquefied sulphur.
KNPC spokesman Mohammad al-Ajmi said the contract also includes modernising sulphur platform and navigation systems at Mina Al-Ahmadi – Kuwait's main crude oil exporting terminal.
Once completed in 2015, the project will raise Kuwait's annual sulphur output to 2m tonnes from current 850,000 tonnes.
Kuwait has three refineries with a daily production capacity of around 930,000 barrels/day, almost half or 466,000 bbl/day of which comes from Mina Al-Ahmadi refinery.
($1 = €0.77)
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