According to industry sources, two refinery projects and an import terminal for liquefied natural gas (LNG) will soon be granted in August by UAE and Kuwait.
Kuwait and the UAE are ranked number four and five in worldwide oil production, respectively in the Organization of Petroleum Exporting Countries.
It is said that Abu Dhabi plans a terminal for LNG to use as fuel for power plants and feedstock for chemical factories.
Each of the two projects is valued at about US$15 billion. By the end of August or early September, the client will pretty well know who they're going to go with.
Fluor, American based professional services company providing engineering, procurement, construction and maintenance, is said bidding on management contracts in Kuwait to build one refinery and upgrade a pair of older plants