Essar Projects said its joint venture with Italy?s Saipem SpA has won a $1.57 billion order from Kuwait National Petroleum Company (KNPC) for setting up Al-Zour Refinery Project (ZOR), Package-4, in the State of Kuwait. This is Essar?s biggest third-party order won in the region.

The new refinery project at Al Zour is Kuwait-?s biggest development project with crude processing capacity of 615,000 barrels per day (bpd). KNPC has awarded four contracts for the refinery-?s construction, worth over $13.2 billion to successful international bidders, making it the biggest contract signing for 2015. The gala contract signing ceremony was attended by Kuwait?s Minister of Oil, Kuwait Petroleum Corporation (KPC) Chairman and KNPC CEO. Essar Projects was represented by Shiba Panda, Managing Director and CEO, Gianluca Mosca, COO-Overseas, Rajesh Gang, CFO-Overseas, and B Ravishankar, Head-Business Development, Kuwait.

The scope for the KNPC contract includes engineering, procurement, construction, pre-commissioning and assistance during commissioning, startup and performance testing, in relation to Package-4 - Tank Farms for the of the Al-Zour Refinery Project (ZOR). Essar-?s portion comprises build-out of tankages, roads and bridges, as well as civil work, on an EPC basis. The project is expected to be completed by 2019.