Petrofac consortium wins infrastructure project in Kazakhstan

Sept 19. ShareCast. LONDON

Petrofac consortium wins infrastructure project in KazakhstanPetrofac is leading a consortium which has been appointed to provide services for the development of KLPE’s integrated petrochemicals complex and infrastructure project (IPCI) in Kazakhstan.

The consortium, which also includes Linde AG and GS Engineering & Construction Corporation, will undertake engineering work as part of the $21m contract.

The first phase will involve engineering work under an open book estimate before building a polyethylene plant comprising two streams each, producing 400,000 tonnes per annum of product.

Petrofac said the eventual scope for the IPCI petrochemical project will include the engineering, procurement, construction and commissioning of a gas plant, ethane cracker, gas pipelines, polyethylene plants and associated utilities and offsites in the Tengiz and Karabatan areas.

“Alongside our partners, Linde and GS, I believe our consortium has the ability to deliver a high quality project,” said Petrofac Chief Executive Marwan Chedid.

“I am delighted that we are involved in such a strategic project with KLPE which represents another significant milestone for us in our relationship with the Kazakh market.”

Shares rose 4.6% to 1,411p at 14:53 on Thursday.

http://uk.finance.yahoo.com/news/petrofac-consortium-wins-infrastructure-project-150000936.html

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