Karbala Refinery Project chooses Nexans’ low voltage cables
Nexans has been awarded a contract by HDGSK Joint Venture to supply a low voltage cable system for the Karbala Refinery Project in Iraq
Paris, June 25, 2015 – Iraq’s State Company for Oil Projects (SCOP) will rely on Nexans low voltage (LV) cables for the Karbala Refinery Project. The contract was awarded by HDGSK, a Joint Venture of four major Korean engineering, procurement and construction (EPC) companies: Hyundai Engineering & Construction and Hyundai Engineering; GS Engineering & Construction; and SK Engineering & Construction. As part of the contract, Nexans will manufacture and supply 3,500km of LV cables for Karbala Refinery Project.
The new Karbala Refinery Project is the largest contract won by Korean EPCs to date; it is worth over 6 billion dollars. In this framework, HDGSK will build an oil refinery capable of processing 140,000 barrels of crude oil a day into LPG, gasoline, diesel and other petrochemical products in Karbala, a city 120 kilometres south of Bagdad, Iraq. Completion is expected in 2020.
Nexans’ LV cable system will be equipped with PVC hydrocarbon resistance which features high performance. Based on our global network of technical know-how, Nexans succeeded to fulfil customer’s technology requirements.
In-Koo Kang, Chief Executive Officer, Nexans, Korea, said, “We are pleased to be a part of major overseas project with HDGSK. A long standing relationship with our customer and our solution to optimize the total cost of ownership (TCO) of the installation were the key to winning this contract. Committed to customer satisfaction, Nexans has been developing products in response to customer demand.”
The cables will be manufactured in Nexans’ plants in Korea and Turkey. Delivery will start in January 2016 and is expected to be completed by March 2017.
Nexans brings energy to life through an extensive range of cables and cabling solutions that deliver increased performance for our customers worldwide. Nexans’ teams are committed to a partnership approach that supports customers in four main business areas: Power transmission and distribution (submarine and land), Energy resources (Oil & Gas, Mining and Renewables), Transportation (Road, Rail, Air, Sea) and Building (Commercial, Residential and Data Centers). Nexans’ strategy is founded on continuous innovation in products, solutions and services, employee development, customer training and the introduction of safe, low-environmental-impact industrial processes.
In 2013, Nexans became the first cable player to create a Foundation to introduce sustained initiatives for access to energy for disadvantaged communities worldwide.
Nexans is an active member of Europacable, the European Association of Wire & Cable Manufacturers, and a signatory of the Europacable Industry Charter. The Charter expresses its members' commitment to the principles and objectives of developing ethical, sustainable and high-quality cables.
We have an industrial presence in 40 countries and commercial activities worldwide, employing close to 26,000 people and generating sales in 2014 of 6.4 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A.
For more information, please consult: www.nexans.com