Dayim Punj Lloyd, a JV between the Punj Lloyd and His Royal Highness Prince Khalid Bin Bandar Bin Sultan (KBS), Kingdom of Saudi Arabia, on Thursday announced winning a contract worth Rs 1210 crore (US$246.8 million) for engineering, procurement and construction of the port tank farm of the Jubail Export Refinery Project in Saudi Arabia.
Awarded by Saudi Aramco Total Refinery & Petrochemical Company (SATORP), a joint venture between Saudi Arabian Oil Company (Saudi Aramco) and TOTAL of France, the port tank farm project forms an important link of the refinery which will process 400,000 BPD of Arabian Heavy Crude Oil to produce gasoline, diesel, jet fuel, petroleum coke, fuel oil, liquid sulfur and aromatic
products for export, domestic consumption or further processing. The refinery is located in the 2nd
Jubail Industrial City, 3 km west of the first industrial city in the eastern part of Kingdom of Saudi
Speaking on this prestigious contract win, Adnan Abduljawad, CEO said, "We are proud to win
this prestigious contract, demonstrating our reputation and expertise in the timely execution of
unique and challenging projects especially in the oil & gas sector. We are hopeful that this
contract will help the company explore and pursue the enormous opportunities in the Saudi
The scope of work for the project includes complete engineering, procurement and construction
of the port tank farm comprising facilities such as tank farm and vapor recovery system, transfer
pipelines, air and sewer system, emergency diesel generator, port operation buildings and
loading facilities. This will give further thrust to the economy of Saudi Arabia that has the major oil
and gas fields of the world.
A jointly owned company in which Punj Lloyd has 49% stake, Dayim Punj Lloyd was formed in
May 2006. Formed to identify new business opportunities in Saudi Arabia, it aims to serve as a
powerful vehicle for both the companies, by offering their expertise, dedicated service and
With this, the order backlog of Punj Lloyd Group on a consolidated basis has gone to Rs
24,532.35 Crore. This is the total value of unexecuted orders as of 31st March 2009 and new orders received till date.
Punj Lloyd is a globally diversified conglomerate providing engineering, procurement and construction services in Oil & Gas, Petrochemical and Infrastructure sectors, with interests in Aviation, Defense and Marine.