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Tecnicas Reunidas SA And Consortium, Including GS Engineering & Construction Corp, Win Project In Turkey


Monday, 20 May 2013 04:13am EDT 

Tecnicas Reunidas SA announced that SOCAR Turkey Enerji A.S. has awarded to the consortium under the leadership of Tecnicas Reunidas (TR) and incorporating Saipem SpA from Italy, GS Engineering & Construction Corp from South Korea, and Itochu from Japan, a contract for the engineering, procurement of all equipment and materials, construction and commissioning of the facilities for the SOCAR Turkey Aegean Refinery (STAR) in Aliaga, Turkey. The global amount of the contract is around USD 3,500 million. The value of the contract for TR will be above USD 1,100 million and will have an execution period of 49 months until the commissioning of all the units. The design for STAR Refinery will enable to process different types of crude oil such as Urals, Azeri Light and Kirkuk with an overall capacity of 10 million tons per year. The new refinery will be constructed on Petkim peninsula on approximately 2.300 hectares of area. 

Company Quote

34100.0
-1000.0 -2.85%
10:10pm EDT