Takreer assigns carbon black contract to Samsung Engineering

ERJ staff report (DS)

Seoul, Korea -- Samsung Engineering said it has received a letter of award (LOA) for a

carbon black and delayed coker unit (CBDC) from Takreer (Abu Dhabi Oil Refining Company). In a press release, Samsung said the project is valued at " $2.48 billion USD", ERJ thinks this seems too high.

The CBDC units will be located in the refining complex in Ruwais, west of Abu Dhabi, with a

capacity of 40,000 tons of carbon black per year and 30,000 barrels of crude oil a day.

Samsung Engineering will be providing project management services for the engineering,

procurement, construction, commissioning processes on a lump-sum turnkey basis and

is scheduled for completion by December 2015.

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Press release listing from Samsung Engineering (see link dated 22 June 2012, or search content for “Takreer”)