Samsung Engineering
Samsung Engineering was one of the multiple Korean contractors to secure a share of the Clean Fuels Project in Kuwait. The company struck a $3.8bn joint venture deal, in which it holds 43% stake, with UK’s Petrofac and CB&I’s Dutch subsidiary owning 47% and 10% respectively. Samsung will handle engineering, procurement, construction and pre-commissioning of the Mina Abdullah I refinery package, part the of Kuwait National Petroleum Company’s $12bn upgrade initiative.
At the end of 2015, Samsung built the utilities and offsites at the Ruwais expansion project.The firm also won the package for the construction of a power plant at Saudi Aramco’s Wasit Cogeneration & Steam Generation Project.
That project helped Samsung make significant inroads in the Middle East’s power plant market, winning the Shaybah and Yanbu-3 projects in Saudi Arabia and work for a 180km-long pipeline and a central processing facility at Algeria’s Timimoun field development, worth $800mn.
