MOSCOW (MRC) -- State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) has named four companies as the preferred bidders for three of the four packages for its Liwa Plastics Industries Complex (LPIC) project, said the producer in its press release.
Tecnimont, JV GS Engineering & Construction Corp, Mitsui & Co and Punj Loyd are the companies that were selected for the project by Orpic.
The three packages include the Natural Gas Extraction Unit in Fahud, the NGL pipeline between Fahud and Sohar and the three plastics plants in Sohar, said the report.
Orpic intends to sign the final engineering procurement and construction (EPC) contracts after finalising the agreements and receiving Final Investment Decision on the project but before year end.
In the coming days, Orpic will be announcing the preferred bidder for the largest package (Package 1) which includes the steam cracker and associated utilities in Sohar.
The USD5.2 billion project will transform LPIC’s presence in the international petrochemicals marketplace as well as support the development of a downstream plastics industry in the Sultanate. It will also create new business opportunities, and generate significant employment opportunities.
Eleven strong bidders submitted financial tenders for the three considered packages and after a thorough evaluation process the preferred bidders were presented to Orpic’s Major Tender Board. The Tender Board studied the detailed bids and subsequently approved the names of preferred bidders. In the next two weeks, a detailed discussion will be held with the preferred bidders in order to finalise the contracts. The final package for the steam cracker will be announced soon, added the report.
As MRC informed earlier, in August 2015, Orpic received five technical bids for a polymers plant in Sohar industrial area and three technical bids for an NGL extraction plant in Fahud, which are part of its mega petrochemical project -- Liwa Plastics Industries Complex.
Orpic (Oman Oil Refineries and Petroleum Industries Company) is one of the leading companies in Oman and has two refineries in that country, in Sohar and Muscat. Orpic is owned by the Government of the Sultanate of Oman and Oman Oil Company SAOC, the trading company created by the Government of the Sultanate of Oman for managing investments in the energy sector.
MRC