2008-05-11 23:22:03 -
KUWAIT CITY (AP) - The state-owned Kuwait National Petroleum Co. says it has awarded contracts worth around US$8.3 billion to build an oil refinery to Japanese and South Korean companies.
The company told the official Kuwait News Agency Sunday the main contract to build the 615,000 barrels a day refinery at Mina al-Zour south of
Kuwait City went to Japan's JGC and South Korea's GS Engineering and Construction Corp. for US$3.99 billion.
Another US$2.06 billion was awarded to South Korea's SK Engineering and Construction Co. Dailem Industrial Co., also of South Korea, will build the facility's tank farm for US$1.18 billion, and Hyundai Engineering and Construction Co. will build offshore facilities for US$1.12 billion.
The refinery, Kuwait's fourth, is to come on line in 2012.