SK E&C

SK Engineering & Construction (E&C) is part of the Hyundai-Saipem consortium, which in Q3 2015 signed a deal to build the marine export terminal in Al Zour, Kuwait. With total contract value of $1.5bn, this is a significant deal for the South Korean giant, which in 2015 bagged yet another contract on a top refinery upgrade project in the Gulf state. In a joint venture with GS E&C and JGC Corporation, SK E&C is currently working on the highly complex Clean Fuels Project commissioned by the Kuwait National Petroleum Company (KNPC) to produce high quality refined petroleum products for domestic consumption and export. With an estimated value of $12bn, the clean fuels project was designed to modernise Kuwait’s largest oil refineries — Mina Al Ahmadi and Mina Abdullah, which date back to the 1950s.