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Kuwait approves USD12 b bids

MENAFN - 11/02/2014


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(MENAFN) Bids worth as much as USD12 billion have been approved by the Kuwaiti government to upgrade two oil refineries, according to Arabian Business

The upgrading of Kuwait's largest refineries is a part of the Gulf state's economic development plan which was delayed on the back of political instability

A consortium led by Japan's JGC Corp won a tender for work worth USD4.82 billion at Mina Ahmadi refinery

Britain's Petrofac and US-based Fluor Corp. cooperate in working on the 270,000 bpd Mina Abdullah refinery in USD3.782 billion and USD3,400 million worth bids respectively

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