Middle East Economic Survey

VOL. XLVII

No 44

1-November-2004

KUWAIT

EPC Bids Sought For PIC/Dow Olefins II Project

The Kuwait Olefins Company has invited bids for an engineering, procurement and construction (EPC) contract for its $1.5bn Olefins II project at al-Shuaiba (MEES, 12 May 2003). The closing date is 16 January 2005. The first phase of the contract, worth around $550mn, involves the construction of an 850,000 tons/year ethylene cracker. The expectation is that the contract will be...