Huge Kuwait Refinery Project Contract for HHI

South Korea's Hyundai Heavy Industries (HHI), says it has won a total US$ 3.4 billion Mina Abdullah (MAB-2) package for the Clean Fuel Project (CFP) for the Kuwait National Petroleum Company (KNPC) in a joint venture with Fluor Corporation (FLR) and Daewoo Engineering & Construction.

HHI explain that the joint venture will upgrade the daily oil refining capacity of the KNPC’s existing Mina Al Ahmadi and Mina Abdullah refinery plant from 736,000 barrels to 800,000 barrels, and will lower the sulfur content of petroleum products to 5%.

Under the joint venture agreement, each party will equally take up 1/3 of the scope of work for the package on an EPC turn-key basis. The value of HHI’s work scope is USD 1.13 billion.
 
The joint venture is due to complete the project in a 45 month period in an area 45 km south of Kuwait City.

About HHI
The Company has business divisions specializing in shipbuilding, marine engines and machinery, offshore and engineering, industrial plant and engineering, electro electric systems, green energy, and construction equipment.