Técnicas Reunidas and Borouge sign conversion to LSTK for utilities and offsites project

The signed agreement corresponds to the conversion to LSTK of the previous Open Book Estimate (OBE) contract, for the final value of $1.390bn.

The Utilities and Offsite contract includes the supply of the main auxiliary systems and interconnections for the Borouge 2 facillities.

Announcing the same, Mr. Abdulaziz Alhajri, CEO of Borouge Abu Dhabi Ploymers said, "Upon the completion of Borouge 2 in 2010, Borouge's production capacity will triple to over two million tons of Polyolefins. This will enable Borouge to supply its customers with high performance and value added products for an increasingly wide range of applications in all its target markets."

Borouge was established in 1998 as a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's largest oil and gas companies, and Borealis a leading provider of innovative, value creating plastics solutions.Borouge has a heritage of reliable customer partnership and value creation through innovation.

Borouge's petrochemical complex is located at Ruwais, Abu Dhabi in the United Arab Emirates. Together, Borouge and Borealis employ unique Borstar technology to produce differentiated products for high-value infrastructure (water, gas and industrial pipe systems, power and communication cables), automotive and advanced packaging.

Tecnicas Reunidas (TR) is among the leading international engineering and construction companies in oil and gas production, refining and petrochemicals and power generation projects.