CB&I wins $2.8bn Oman chemical plant contract

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CB&I wins $2.8bn Oman chemical plant contract

Chicago Bridge & Iron Company (CB&I),the energy infrastructure group, said its joint venture with Taiwanese group CTCI Corporation has won a $2.8 billion contract from Oman Oil Refineries and Petroleum Industries Company (Orpic) to provide engineering, procurement and construction (EPC) services for its plastics industrial complex project.

With 125 years of experience and the expertise of 54,000 employees, Netherlands-based CB&I is a major player in the global infrastructure industry, while CTCI Corporation, founded in 1979 with headquarters in Taipei, is the largest EPC firm in Taiwan.

As per the contract, the CB&I venture will cover the Package One, which includes the steam cracker and associated utilities for the Liwa Plastics Industrial Complex Project in Sohar region, said a statement from the Dutch group.

The scope of work includes EPC for a grassroots 880-ktpa ethylene plant, pygas unit and MTBE (methyl tertiary butyl ether) unit, as well as all the related off-sites and utilities.

CB&I said its scope of work also includes the construction of cryogenic and atmospheric storage tanks and pipe spool fabrication.

As previously announced, the cracker will employ CB&I’s latest, proven ethylene technology, including highly selective SRT cracking heaters, and its innovative recovery section design, featuring low-pressure separation and mixed refrigeration, it added.

Commenting on the win, president and CEO Philip K. Asherman, said: “CB&I is pleased to have been selected for this significant project following the successful completion of the front end engineering and design of the Liwa Plastics Project for Orpic.”

“This new award builds upon the successful relationship between Orpic and CB&I and is a testament of our customer’s confidence in our experience and world-class project execution capabilities,” he added.

Source: Trade Arabia

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.