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RPME 2017 Top 30 EPC Contractors: 1-5

by Arabian Oil & Gas Staff on Nov 1, 2017



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01. Daewoo Engineering & Construction

In August 2017, an international joint venture (JV) led by Tecnicas Reunidas and Daewoo Engineering & Construction was selected by Duqm Refinery and Petrochemical Industries Company to execute the project of the process units for the new refinery of Duqm in Oman. The contract was awarded on a lump sum turnkey basis to the JV for an approximate value of $2.75bn and duration of 47 months. Daewoo Engineering & Construction holds 35% stake in the JV.

Daewoo Engineering & Construction announced in May 2016 that it has won a tentative deal worth US$10 billion in Tehran to construct a refinery.

The company signed a memorandum of understanding (MoU) with Bahman Geno Co to build a large refinery. Planned to be located in Bandar Jask on the Gulf of Oman coast of Iran, about 1,600km southeast of Tehran, and 860km east of the South Pars refinery, the new refinery, once completed, will have a daily capacity of about 300,000 barrels of oil.

Daewoo Engineering & Construction is a Korean construction company founded and established in 1973, headquartered in Seoul, South Korea.


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