Abu Dhabi: Abu Dhabi Oil Refining Co. (Takreer), a subsidiary of Abu Dhabi National Oil Company (Adnoc), has awarded a $2.48 billion (Dh9.12 billion) contract to South Korea’s Samsung Engineering Company to build plants in Abu Dhabi.
As a part of the deal signed on Wednesday, Samsung will build a carbon black unit and a delayed coker unit in Ruwais, west of Abu Dhabi, by January 2016.
The company, which specialises in engineering, procurement and construction (EPC) , has received a letter of award (LOA) from Takreer, it said in a statement.
“When completed, the facilities will have a capacity of 40,000 tonnes of carbon black per year and process 30,000 barrels of crude oil per day,” Samsung Engineering said in a statement.
Carbon black is fine carbon powder used as a pigment and reinforcement material for auto tyres. It is made from burning hydrocarbons in insufficient air.
Delayed coker is used in oil refineries and is a process by which heavier crude oil fractions can be thermally decomposed under conditions of elevated temperatures and pressure to produce a mixture of lighter oils and petroleum coke.
According to Samsung, the company has so far won eight orders worth $9.1 billion from Adnoc since 2007.
“The LOA stipulates that Samsung shall provide project management services for the engineering, construction, procurement and commissioning procedures on a lumpsum turnkey foundation,” a Takreer official, who did not wish to be named, told Gulf News.
Park Ki-Seok, President and CEO of Samsung Engineering, said in a statement: “This award solidifies Samsung Engineering’s project management and engineering expertise as well as our strong partnership with Takreer. We look forward to executing this landmark project to the highest standards.”
According to Takreer, Bechtel Corporation and Honeywell are in charge of consultancy. Samsung Engineering has also been entrusted by Adnoc to carry out large scale projects in 2009. The EPC had previously won the Ruwais Refinery Utilities and Offsite package worth $2.73 billion. It was also chosen as the official interface manager for the $10 billion of Ruwais Refinery expansion.
