Aker Kvaerner, Sinopec to expand in the Middle East
Posted: 31 July 2006
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China Petrochemical Corporation (Sinopec)and Aker Kvaerner signed an agreement to jointly execute projects internationally with particular focus in Saudi Arabia and other markets in the Middle East.
"Sinopec and Aker Kvaerner have a long history of working together on successful projects,ˇ said Wim van der Zande, President of AK Process, Aker Kvaerner's European process business. ´We see real benefit in combining our individual strengths to take advantage of opportunities internationally. We also see the potential for further cooperation on selected projects in China."
Li Guoqing, Deputy Director General of Sinopec E&C Department, added: "Aker Kvaerner and Sinopec have established a strong foundation for cooperation on the YANSAB polyolefins project in Saudi Arabia. We look forward to deeply and widely expanding our collaboration for future projects."
The long-standing relationship with Sinopec in China spans projects for acetic acid, caprolactam, ethylene oxide/ethylene glycol, polyethylene and purified terephth alic acid.
Aker Kvaerner and Sinopec are currently working together in joint venture for the execution of a world scale polyolefins project in Saudi Arabia for SABIC. Aker Kvaerner's scope includes the overall project management services, the extended basic engineering and procurement of the critical equipment. Sinopec is providing the detailed engineering and a significant proportion of the skilled labour required for the construction activities. |
