Punj Lloyd bags Saudi Aramco-Sinopec JV contract

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Punj Lloyd bags Saudi Aramco-Sinopec JV contract

Punj Lloyd today announced an EPC contract on LSTK basis in Yanbu, Saudi Arabia worth INR 312 crore. The ‘Clean Fuels Interfacing Facilities Project’ was awarded to Punj Lloyd subsidiary, Dayim Punj Lloyd, by the Yanbu Aramco Sinopec Refining Company Limited (YASREF).

The project objective is to interface YASREF with the Aramco Yanbu Refinery to supply low sulphur clean transportation fuel – diesel and gasoline – for domestic distribution. In addition, the pipeline system will also contain provision to transport YASREF refined products to the western regional pipeline hub. To achieve this objective, Dayim Punj Lloyd’s scope of work includes:

i. Two new pipeline systems, 30” x 7 km each, for diesel and gasoline – to be installed to deliver YASREF refined products to Yanbu Refinery (YR) for domestic distribution.
ii. A dedicated custody metering system for each refined product.
iii. A new analyzer to be installed inside Yanbu Refinery.
iv. A new Red / Green dye injection for gasoline to be installed in the Yanbu Refinery premises within the new line from YASREF to Yanbu Refinery’s gasoline tanks.
v. Modification of three existing kerosene tanks inside Yanbu Refinery by installation of internal floating roofs in order to adequately receive YASREF gasoline.
vi. Extension of existing SIH Control to house the DCS/ PLC panels and to be equipped with HVAC. Associated civil & structural, firefighting, E&I work and automation work are also to be carried out under this scope.

Speaking on this new opportunity, Punj Lloyd Director, Atul Jain said, “This is the third contract by YASREF to Dayim Punj Lloyd which is reflective of the strong partnership that has been formed between YASREF and Punj Lloyd, focusing on quality, safety and successful delivery of projects.”

Prior to this contract, Punj Lloyd had successfully completed the Offsite Pipeline Package and is due to complete the pipeline relocation.With this order, the Group’s order backlog stands at INR 19,929 crores. The order backlog is the value of unexecuted orders on December 31, 2016 plus new orders received after that date.

About Punj Lloyd:
The Punj Lloyd Group is a diversified international conglomerate offering EPC services in Energy and Infrastructure along with engineering and manufacturing capabilities in the Defence sector. Known for its capabilities in delivering mega projects “on time,” thereby ensuring repeat customers, the Group possesses a rich experience of successfully delivered projects across the globe, while maintaining the highest standards of health, safety, environment and quality (HSEQ).

Source: www.punjlloyd.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.