Al Hassan Engineering Company said it has been awarded a RO38-million ($98 million) construction contract by Oman Oil Refineries and Petroleum Industries Company (Orpic) for its $3.6-billion plastic project coming up in Liwa region.
The contract was awarded by CCJV, a joint venture between energy infrastructure major Chicago Bridge & Iron Company (CB&I) and Taiwanese group CTCI Corporation, which is responsible for providing the engineering, procurement and construction package for cracker Package 1.
As per the deal, the company will carry out the civil and MEI (mechanical, electrical and instrumentation) construction works related to the Liwa Plastic project EPC-1 section 3 package, said Al Hassan Engineering Company in a filing to the Muscat Securities Market (MSM).
The Omani firm will start the MEI work in April and complete it within 28 months.
The $3.6-billion Liwa project will be executed through four EPC packages which include a steam cracker and polymer units, a natural gas liquids (NGL) extraction unit and a NGL pipeline from Fahud to Sohar, said the company.
The Liwa project will capitalise on the synergies with the existing refinery and the growing global market for plastics, it added.