South Africa’s state-owned oil company, PetroSA, has awarded United States-based KBR a R1-billion engineering contract at its planned 400 000 barrels-per-day Coega oil refinery, officials said on Monday.
”The appointment of KBR as engineering partner follows the selection of other world-class organisation such as HSBC as financial advisers, KBC as technical advisors … to ensure that every aspect of Project Mthombo meets global best practice,” Sipho Mkhize, PetroSA CEO said in a statement distributed to reporters in Cape Town.
The $11-billion Coega refinery, which will be the largest in Africa’s biggest economy when it comes on stream in 2014, will supply growing demand in South Africa and the region.
Mkhize said Coega’s feasibility study was expected to be finalised by September 2009, whereafter a final board decision will be sought, with construction expected to start after 2010. — Reuters