Azerbaijan, Baku, Sep. 23 / Trend E. Kosolapova/
Petrofac in consortium with German Linde AG and Southern Korean GS Engineering & Construction Corporation have been engaged by Kazakhstan LG Poly Ethylene (KLPE) will provide services in relation to development of its Integrated Petrochemicals Complex and Infrastructure (IPCI) project, situated in the Tengiz and Karabatan regions of Kazakhstan, Petrofac reported.
The $77 million first phase of the contract, valued at approximately $21 million for Petrofac's share, will involve the consortium undertaking engineering work on an Open Book Estimate (OBE). Petrofac will lead the consortium for the execution of the IPCI project and subject to satisfactory conclusion of the OBE and successful contract conversion, it is contemplated that the IPCI project will move into a second phase, in excess of $3.5 billion, for a polyethylene plant comprising two streams each producing 400,000 tonnes per annum of product.
The eventual scope for the IPCI petrochemical project will include the engineering, procurement, construction and commissioning of a gas plant, ethane cracker, gas pipelines, polyethylene plants and associated utilities and offsites in the Tengiz and Karabatan areas.