GS E&C wins $623 million Abu Dhabi refinery deal

Takreer gives nod to Korean contractor for 995km pipeline

GS E&C saw record operating profits for 2009.
GS E&C saw record operating profits for 2009.

RELATED ARTICLES: Oman planning massive spend on oil projects | Besix and Takreer win contracts in Abu Dhabi | Al Jaber gets US$300m for Shah Gas project

South Korea’s GS Engineering & Construction Corp has won a contract for work on an oil refinery in Abu Dhabi worth US$623 million, the company has announced.

The contract was awarded by the refining unit of Abu Dhabi National Oil Company – known as Takreer. ADNOC is also developing the Shah gas project, a job for which it has hired EPC contractor Al Jaber Energy Services.

The planned pipeline network is 955km in length and will connect the refineries with various terminals in Abu Dhabi.

The project's frontend engineering design (FEED) was completed by Technip, according to a statement from Takreer.

GS E&C is a Seoul-based contractor that covers architecture, civil engineering, housing, plant, environment and power plant, with offices in Abu Dhabi, Kuwait and Qatar.

The win emphasises the company’s new direction into foreign civil engineering projects. In February the company announced that it would focus on nuclear power plants and overseas power plants.

Last year, GS E&C posted an operating profit of WON569 billion (AED1.768 billion), a company record.
 

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020