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McNally Bharats SPV Wins $315m Sohar Bitumen EPC Contract

Source: Oman Observer 10/15/2015, Location: Middle East

Indian engineering firm McNally Bharat Engineering Company has announced that its 50:50 special purpose vehicle (SPV) with Omanís EMC Group has been awarded a contract valued at around $315 million for the construction of a new bitumen refinery at Sohar Industrial Port in the Sultanate.

The company stated in a filing to the Bombay Stock Exchange (BSE) that the contract, awarded by Sohar Bitumen LLC, is for the construction, detailed engineering, construction supervision, mechanical commissioning and supply of the bitumen project. According to reports in the Indian media, the bitumen plant is part of the Sohar Refinery Improvement Project (SRIP), a multibillion dollar capital investment undertaken by Orpic.

With this project, for the first time in Oman Orpic will be able to produce bitumen, primarily used to manufacture asphalt. The bitumen project will reportedly have an installed capacity of around 300,000 tonnes per annum, reports said.

McNally Bharatís share of the contract order is $157 million, the company said. Senior executives were quoted as saying that the JV has retained the services of Engineers India Limited (EIL), well-known engineering consultants, as technical partners in the project. EIL has been described as a leader in bitumen refining technology.

The JV has been issued a two-year time frame to deliver the project.

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Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


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