SK Engineering & Construction
SK Engineering & Construction (E&C) is part of the Hyundai-Saipem consortium, which in the third quarter of last year signed a deal to build the marine export terminal in Al Zour, Kuwait. With a total contract value of $1.5bn, this is a significant deal for the South Korean giant, which bagged another contract on a top refinery upgrade project in the small Gulf Arab state earlier last year.
In a joint venture with GS E&C and JGC Corporation of Japan, SK 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.
KNPC CEO Mohammad al-Mutairi told O&GME’s sister publication, Refining and Petrochemicals Middle East in January that the project was 39% complete, and that it was expected to be commissioned in mid-2018.
