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Monday September 10, 9:21 AM

SK Eng wins $170 mln PTT refinery upgrade order

SEOUL, Sept 10 (Reuters) - SK Engineering & Construction said on Monday it had received a $170 million refinery expansion order from Thailand's state-run PTT Public Co Ltd .

SK Engineering will build upgrade facilities such as condensate residue splitter and kerosene merox unit that turn benzene, toluene, and xylene residue into naphtha, diesel and jet fuel for PTT's affiliate Rayong Refinery Public Co Ltd (RCC).

The upgraded units will raise RCC's daily crude runs to 200,000 barrels from 145,000 barrels, unlisted SK Engineering said in a statement.

The construction is to finish by February 2009.

With the order, SK Engineering has racked up a total of $1.7 billion in orders from Thailand this year so far, the company said.

SK Engineering is the latest South Korean company to win construction projects in Thailand.

Over the weekend, South Korea's Samsung Engineering & Construction Co announced it had received a $1.1 billion order from PTT to build two gas plants.

The ethane and gas separation plants will be located near the expanded refinery in Map Ta Phut industrial complex.

Completion of the construction is set for March 2010 on a turnkey basis.

In August, unlisted plant builder Daewoo Engineering Co won a $130 million order from a PTT unit to construct a polyethylene plant.

 


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