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Daewoo Engineering to build Abu Dhabi oil storage tank
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Sunday, 02 May 2010
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MEED reported that South Korea's Daewoo Engineering & Construction is the favorite to win an estimated USD 100 million oil storage tank deal being tendered by Abu Dhabi Oil Refining Company as part of a wider project to link the emirate's refineries.

Executives close to the companies said that 5 international engineering firms submitted technical bids for the engineering, procurement and construction contract on February 14 and commercial bids in early March. It covers the construction of new storage tanks at Takreer's storage depot at Mussafah and is valued at up to USD 100 million.

Source said that Daewoo submitted the lowest bid, followed by fellow South Korean firm Samsung Engineering. A formal award is expected in either the last week of April or the first week of May. The contract is part of a second phase scheme to link the country's refineries known as the inter refinery pipeline project 2.

Takreer released formal invitations to bid for the main EPC contract on the scheme, which covers the construction of more than 900 kilometers of pipelines, ranging from 10 to 28 inches in size, on March 11. The state refiner has set May 17 deadline for commercial bids and a tentative June 22 cut off for price proposals on the scheme.

Firms prequalified to bid on the contract include; Techint, Saipem, Samsung Engineering, Consolidated Contractors Company, Dodsal, Technip. It is one of the biggest pipeline deals to be tendered in the emirate in recent years. The main part of the contract covers 230 kilometers pipeline linking the Abu Dhabi refinery with Takreer's Ruwais refinery.

Other pipelines will link the Ruwais refinery, the Abu Dhabi refinery, the Al Ain storage depot, the Mussafah distribution depot and Abu Dhabi International airport. The contract also covers the construction of around 24 oil storage tanks across the emirate.

(Sourced from MEED)

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