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ZAGREB (Croatia), November 27 (SeeNews) - Croatian oil and gas company INA [ZSE:INA-R-A] said on Monday it has launched a 2.5 billion kuna ($394.6 million/330.6 million euro) tender for construction of a heavy residue conversion unit at its Rijeka-based oil refinery.
INA has invited international companies to bid for the construction of a delayed coker unit, coke storage and a facility for product processing, as well as related pipelines and services, it said in a statement.
The tender is part of INA's continued preparations for investment in a heavy residue conversion unit at the Rijeka refinery, a project worth a total of 3 billion kuna.
"The DCU project in Rijeka is the future of INA’s refining business and the concentration of refining activities into that location will contribute to the project’s profitability, thus making it an important part of assuring long-term sustainability of the refining business," INA noted.
The contractor will be selected mid-2018. Construction works are expected to last three years.
(1 euro=7.56155 kuna)