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Saipem to get involved in feasibility study of three main projects in Bahrain

Oil&Gas Materials 5 February 2020 13:15 (UTC +04:00)
Saipem to get involved in feasibility study of three main projects in Bahrain

BAKU, Azerbaijan, Feb.5

By Leman Zeynalova – Trend:

Italy’s Saipem company will get involved in feasibility study of three main projects in Bahrain, Trend reports with reference to the company.

Saipem said it has signed a Memorandum of Understanding (MoU) with Gulf Petrochemical Industries Company (GPIC), a joint venture equally owned by the National Oil and Gas Holding Company in the Kingdom of Bahrain, SABIC Agri-nutrient Investments in the Kingdom of Saudi Arabia, and Petrochemical Industries Co. in Kuwait.

“The subject matter of the agreement is the feasibility study of three main projects in Bahrain. The first is in relation to the increase of GPIC’s daily plant production of Ammonia, Urea and Methanol through technical solutions that may reduce energy consumption and use natural gas. The second consists of a pre-feasibility study to build a new Mega Ammonia and Urea Plant, while the third aims to determine the quality of gas feedstock in the fields discovered in 2018 off the west coast of the kingdom,” said the company.

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSight, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed on the Milan Stock Exchange, it is present in over 70 countries worldwide and has 33 thousand employees of 120 different nationalities.

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