Técnicas Reunidas JV secure EPC contract for Duqm refinery

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Técnicas Reunidas JV secure EPC contract for Duqm refinery

Técnicas Reunidas has been selected by Duqm Refinery & Petrochemical Industries Company LLC to execute the Project of the Process units project for the new refinery of Duqm in Oman.

This project is part of the Omani government plan for the industrial development of the Special Economic Zone of Duqm, which includes the new grassroot refinery, with an overall investment of 15,000 million dollars in the coming 15 year and already includes a dry dockyard, harbour and related infrastructure such as roads and utilities. The refinery is the key project of the area.

The contract has been awarded on a LSTK basis to the international Joint Venture led by Técnicas Reunidas (Spain) and Daewoo Engineering and Construction (South Korea) for an approximate value of 2,750 million dollar and duration of 47 months.

This is the largest of the three packages for the Refinery and includes all the process units. The scope of the contract of TR includes the engineering, supply, construction and commissioning of the following refining units: crude distillation unit (230,000 BPSD), vacuum distillation units (114,000 BPSD), hydrocracker unit (74.000 BPSD), delayed coker unit (52.000 BPSD), kerosene treatment unit (40.500 BPSD), diesel hydrodesulphurization unit (83.500 BPSD), LPG treatment unit (2 x 12.500 BPSD), hydrogen production unit (2 x 126.500 Nm3/d), saturated gas unit (6.500 mT/d), sour water stripper unit (2 x 44 mT/d), amine regeneration unit (2 x 415 mT/d) and sulphur recovery unit (3×355 mT/d).

The project will be developed at Técnicas Reunidas offices in Madrid, being TR the majority partner of the Joint Ven following the recent awards of another important oil and gas projects in the region. Duqm Refinery and Petrochemical Industries Company (DRPIC) is a Joint Venture between the state-owned Oman Oil Company (OOC) and Kuwait Petroleum International (KPI), the international subsidiary of Kuwait Petroleum Corporation
(KPC).

Técnicas Reunidas is one of the main international engineering and construction companies in the sectors of production of oil and gas, petrochemical and power generation for a wide range of clients worldwide. Since 1960 it has designed and built over 1000 industrial plants in over 50 countries.

Source: www.tecnicasreunidas.es

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.