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Source: www.gulfoilandgas.com 12/19/2010, Location: Middle East
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Petro-Chem Zamil Company, a 50-50 joint venture between Zamil Industrial Investment Company (Zamil Industrial) and Petro-Chem Development Company of USA, has been awarded a new contract from Tecnicas Reunidas worth SAR 111 million (USD 29.55 million) to provide Delayed Coker Furnaces for the Yanbu Export Refinery project located in the western region of Saudi Arabia.
The scope of this contract includes the engineering, manufacture and supply of Delayed Coker Furnaces with very stringent requirements to be used at the Yanbu Export Refinery. Delivery of the furnaces is to be completed by mid 2012.
The letter of award was received on Saturday, 18 December 2010, and is expected to have a positive impact on the consolidated financials upon completion of each stage.
The Yanbu Export Refinery is a landmark enterprise, focused on meeting the ever-increasing energy needs of the world, as well as on utilizing the unique engineering, technology and manufacturing skills of Saudi Arabian business, says Ayman Kanaan, VP of the Industrial Steel Products Group in Zamil Steel. Petro-Chem Zamil is proud to represent the Zamil Industrial group of businesses by providing the essential products and technical expertise to keep operations at these integral facilities running smoothly and profitably for our customers and the industrial community at large.
Petro-Chem Zamil is considered the only fully equipped Saudi company with the technology and resources to service the GCC markets and uniquely qualified to meet the Kingdoms stated mandate to increase its locally manufactured purchases of critical equipment. The company also provides environmentally friendly products and services.
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