PROJECTS: France's Technip Energies awarded project services contract by Kuwait's KIPIC

France-headquartered engineering and technology company Technip Energies said on Thursday that its wholly owned UK subsidiary Technip E&C has been awarded a significant contract for Project Engineering and Management Services (PEMS) by Kuwait Integrated Petroleum Industries Company (KIPIC) for various projects in southern Kuwait.

 

The company said in a statement that the contract is for 6 years duration and covers Project Engineering and Management Services for various potential projects in the Al-Zour complex, including the Al-Zour Refinery, Petrochemical Complex, LNG Import Facilities and other facilities belonging to KIPIC.

 

KIPIC is responsible for operating and managing the largest grassroot integrated complex for refining, petrochemicals manufacture businesses and liquefied natural gas import facilities at Al-Zour complex.

 

Technip Energies categorises 'significant contract' value as between €50 million and €250 million ($61 million-$305 million).

 

(Writing by SA Kader; Editing by Anoop Menon)