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CHINESE CONSORTIUM AWARDED $412MLN CONTRACT FOR IRAQI NATURAL GAS PROCESSING FACILITY

Contract awarded by Kuwait Energy to CAMC-CNOOC Petrochemical Engineering consortium

A consortium of China CAMC Engineering Co (CAMCE) and CNOOC Petrochemical Engineering Co. (CNOOC Petrochemical Engineering) has been awarded an engineering, procurement, and construction contract worth $412 million by Kuwait Energy Basra Co (Kuwait Energy) for a 130 million standard cubic feet per day natural gas processing facility in Basra, Iraq.

The gas processing facility is for the Block 9 area operated by Kuwait Energy, CAMCE said in a Chinese language stock exchange statement on Wednesday, adding that the contract duration is 30 months.

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