Trade Resources Company News AMEC Has Been Awarded USD 528 Million Project Management Consultancy Contract

AMEC Has Been Awarded USD 528 Million Project Management Consultancy Contract

Arabian Business reported that AMEC, the UK based engineering and project management company, has been awarded USD 528 million project management consultancy contract by the Kuwait National Petroleum Company for a new oil refinery in the Gulf state.

When completed in 2018 the multi-billion dollar refinery in Al Zour is expected to be the largest in the Middle East and will increase Kuwait’s refinery capacity by 615,000 barrels per day. It will be a key part of Kuwait’s long term strategy, producing cleaner fuels to meet its electrical power generation growth and demand while adhering to the latest environmental standards. The contract is expected to create around 300 new jobs for AMEC.

Dr Hisham Mahmoud AMEC’s group president Growth Regions said that “This contract award supports our Vision 2015 strategy which includes growing our presence in the Middle East’s oil and gas upstream, midstream and downstream sectors.”

Mr Alan McLean AMEC’s vice president of its Middle East, Africa and CIS business said that “This project is significant for AMEC in the Middle East and recognizes the experience and knowledge we have gained by successfully delivering PMC contracts in the region. The project is also important for KNPC in enabling it to meet the demands of its customers.”

Source: http://www.steelguru.com/middle_east_news/UK_AMEC_wins_USD_528_million_Kuwait_refinery_deal/295406.html
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UK AMEC Wins USD 528 Million Kuwait Refinery Deal
Topics: Metallurgy