France's Technip-Coflexip, in a 50/50 joint venture with Snamprogetti, has just signed a $770 million turnkey contract with the Oman-India Fertilizer Company (OMIFCO) for the design and construction of a fertilizer complex in Oman. Works on what will be the world's largest grass-roots fertilizer complex, will be completed within 35 months from the coming into force of the contract.
This complex will be built at Sur, 150 kilometers south of Muscat. It will consist of two 1,750 ton-per-day ammonia plants using the technology of Haldor Topsoe, a Snamprogetti affiliate. The facility will also as include two 2,350 ton-per-day urea plants using Snamprogetti's technology and two granulation units. The complex also includes associated utilities, offsites and marine works.
This major project will contribute to the valorization of the Sultanate of Oman's vast gas resources and will assure export of the total urea production to India, thus strengthening commercial relationships between the two countries.
Under the terms of this contract, Technip-Coflexip and Snamprogetti will supply engineering design, equipment and materials, construction management, start-up supervision as well as training of the client's personnel.
Financing of the project is currently being finalized, which will enable the project to soon get under way. OMIFCO's shareholders are Oman Oil Company (50 percent), the Indian companies KRIBHCO (25 percent) and IFFCO (25 percent).
With a workforce of about 18,000 and annual revenues of about five billion euros, Technip-Coflexip ranks among the top five in the field of oil and petrochemical engineering, construction and services. Headquartered in Paris, the group is listed in New York and in Paris. The main engineering and business centers of Technip-Coflexip are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a fleet of offshore construction vessels. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
