Muhibbah gets RM116m Pengerang job

PETALING JAYA: Muhibbah Engineering (M) Bhd has bagged a US$32 million (RM116 million) contract to design and build temporary construction facilities in Pengerang, Johor.
Muhibbah told Bursa Malaysia yesterday that it received the contract from Tecnicas Reunidas, S.A. Group for package III of Petroliam Nasional Bhd's Refinery and Petrochemicals Integrated Development (Rapid) project.
Tecnicas Reunidas is one of the leading international engineering and construction companies for the oil and gas production, refining and petrochemicals and power generation projects.
Tecnicas Reunidas was awarded by Petronas as an EPCC contractor for Package III, the construction of kerosene hydrotreating unit, diesel hydrotreating unit, naphtha hydrotreating unit, cracked naphtha hydrotreating unit, and continuous catalytic reformer units in the Rapid project.
"The construction is scheduled to commence in first quarter of 2015 and is expected to be completed by first quarter 2016.
"The contract is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years," it said.