Getting Another Contract in UAE
Samsung Engineering Co., a construction engineering unit of Samsung Group, received orders worth 3.5 trillion won (US$3.04 billion) in the United Arab Emirates.
The company announced on Sept. that it has won an order worth 2.9 trillion won (US$2.59 billion) from Abu Dhabi Oil Refining Company, an affiliate of UAE's state-run oil firm Abu Dhabi National Oil Company (ADNOC), to build refinery process facilities. The figure accounts for 52.34 percent of the company’s consolidated sales last year.
Under the deal, Samsung Engineering will build a 177,000-barrel-per-day atmospheric residue desulfurization plant in the Ruwais Industrial Complex, the largest industrial complex in the UAE, and upgrade existing refining plants, including an atmospheric distillation facility, by Aug. 30, 2022.
An atmospheric residue desulfurization plant removes sulfur from petroleum residues after refining crude oil and produces light oil products that are of utility value, such as gasoline, naphtha and kerosene. The demand for the plant is on the rise as global environmental regulations have been greatly reinforced.
Samsung Engineering has already carried out six other projects at the Ruwais Industrial Complex alone.
The company also received another order worth 526.6 billion won (US$471.23 million) from Abu Dhabi Oil Refining on the same day to build a 230-megawatt power plant using waste heat from an ADNOC affiliate's existing facilities and a desalination plant that can produce 2,600 cubic meters of fresh water per hour from seawater.