Chiyoda Foster Wheeler wins $600 million Oman LNG contract
The government of Oman has granted US-Japanese joint venture Chiyoda Foster Wheeler a $600 million contract to build a third production and processing unit for its liquefied natural gas plant, Oman LNG (OLNG), reported Reuters. Construction set to begin in the first quarter of 2003.
The Sultanate has signed a 20-year contract to supply half of the new unit’s 3.3 million ton output to Spanish firm Union Fenosa. The third processing train will raise OLNG’s total output by 50 percent to reach 9.9 million tons.
OLNG is a joint venture 51 percent controlled by the government of Oman, 30 percent by the Royal Dutch/Shell Group, 5.5 percent by TotalFinaElf with the remaining shares distributed between Korea LNG, Partex, Mitsui and Itochu. The company’s plant is located in Qalhat in the province of Sur. — (menareport.com)
© 2002 Mena Report (www.menareport.com)