Tags
Lump Sum Turn Key (LSTK) Contract
May. 25 - 2012
The $3.6 billion ERC Refinery to move on again The Mostorod Refinery project had been left on hold for more than one year because of the political context in Egypt while Egyptian Refining Company (Takrir) S.A.E. (ERC), a special purpose company established by Citadel Capital, has awarded the engineering, procurement and construction (ECP) contracts to a consortium of […]
admin
Reading: 3 min
Read more
capital expenditure completion crude oil diesel diesel fuel downstream Egypt Engineering Procurement and Construction EPC feedstock greenfield project heavy crude oil heavy oil Japan jet fuel Korea Liquefied Petroleum Gas (LPG) Low sulfur diesel LPG LSTK Lump Sum Turn Key (LSTK) Contract Lump-Sum-Turn-Key Mitsui Naphtha naphtha cracker ogp projects oil Oil & Gas Oil & Gas and Petrochemical Oil news petroleum PMC PMS Project Management Consultancy Qatar Qatar Petroleum (QP) Refinery refining South Korea Sulphur vacuum distillation unit WorleyParsons
Mar. 13 - 2012
Definition: A “Lump Sum Turn Key (LSTK) Contract” refers to bidding terms and conditions between the End User and an EPC which don’t allow any financial change for a given scope of work until the EPC is able the deliver the newly built plant in full operations to the End User. Comment: The benefit of […]
admin
Reading: 3 min
Read more
