Saipem has been awarded a new contract in the onshore E&C sector worth approximately $750 million, the company said on Feb. 15.
Work involves engineering, procurement, construction and commissioning in the framework of the development of the Duqm Refinery situated near the coast in northeast Oman.
The contract was awarded by Duqm Refinery and Petrochemical Industries Co. LLC, a joint venture between the Oman Oil Co. and Kuwait Petroleum International Ltd. Once completed, the refinery will have a capacity of around 230,000 barrels per day.
“We welcome with particular satisfaction the awarding of this new contract which signals the relaunch of our activities in Oman, a country in which Saipem has operated successfully in the past,” Stefano Cao, Saipem’s CEO, said.
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