Manufacturing Industry

QATAR: Joint venture construction contract award for planned $600,000,000 gas refinery plant, GS ENGINEERING & CONSTRUCTION CORP. (GS E&C), DAEWOO ENGINEERING & CONSTRUCTION CO. LTD. (DAEWOO E&C) [South Korea].

WWP- Report on Oil Gas & Petrochemicals in the Developing World, May, 2005

PROJECT OVERVIEW:

The local LAFFAN REFINERY CO. recently awarded a gas refinery plant construction contract to a South Korean joint venture. The partners in the planned undertaking and their respective shareholdings include GS ENGINEERING & CONSTRUCTION CORP. (GS E&C - 62%) and DAEWOO ENGINEERING & CONSTRUCTION CO. LTD. ((DAEWOO E & C - 38%) According to the terms of the award, the partnership will be responsible for the provision of design, procurement, construction and test-running operations. In so doing, GS will be responsible for the design, procurement and test-running operations. DAEWOO, on the other hand, will build the facility. Construction plans call for building a complex with an installed production capacity of 146,000 barrels per year of gas...

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