Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

KOC Export Operation Projects Cost Up To KD 280 Mln: Official  Join our daily free Newsletter

MENAFN - Arab Times - 05/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The projects being implemented by Kuwait Oil Company (KOC) to enhance the oil exporting capacity cost up to KD 280 million, Manager of KOC's Marine and Export Operations Group Fadhel M. Boresly said Wednesday



"These include project to launch small boat marinas and the scheme to build 54 vessels," he told reporters on the sidelines of a ceremony to lay the foundation stone of the marina project



The ceremony was attended by visiting Turkish President Abdullah Gul, Kuwaiti Minister of Oil and Minister of State for National Assembly Affairs Ali Al-Omair, and Advisor to His Highness the Prime Minister's Diwan Sheikh Salem Al-Jaber Al-Sabah



"The marinas project costs some KD 0 million - almost a half of the budget set aside for the projects of KOC's Marine and Export Operations Group, " Boresly pointed out




"These projects envisage increasing the Company's workforce and building the capacity of workers particularly those working in the marine operations

"The marinas project involves entry permits to Al-Ahmadi Harbor for some 4, 000 workers and 26,000 concrete mix equipment," he noted

On the second project to build 54 vessels he said it costs KD 140 million with a view to beef up the Company's fleet



"Foreign companies, including a Dutch, a Turkish and a UAE, have been awarded contracts to build the vessels at four ship-building yards by mid-2016, " he added

 


Arab Times




  MENA News Headlines
 May 25 2016 - PAAFR, FAO to execute key projects in KuwaitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 25 (KUNA) -- The Public Authority of Agriculture Affairs and Fish Resources (PAAFR) have signed agreements with the Food and Agriculture Organization ...

 May 25 2016 - Kuwaiti oil price down 33 cents to USD41.78 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 25 (KUNA) -- The price for Kuwaiti oil went down 33 cents on Tuesday to settle at USD 41.78 per barrel (pb) after being at USD 42.11 pb last Monday, ...

 May 25 2016 - Tunisia keen on promoting social development cooperation with Kuwait - Min. Bin RamadhanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Khaled Jabbar TUNIS, May 25 (KUNA) -- Tunisia is working with Kuwait on promoting a solid cooperation on social development while a relevant memorandum of ...

 May 25 2016 - Kuwait's youth inspired by Japan's manufacturing innovation, entrepreneurshipKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Miyoko Ishigami OSAKA, Japan, May 25 (KUNA) -- Young manufacturing professionals from Kuwait led by Dr. Souhaila Al-Muttawa, faculty member of the ...

 May 25 2016 - Eurozone agrees to release next bailout funding for GreeceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, May 25 (KUNA) -- Finance ministers of the 19-member Eurogrpup have agreed to unlock the next tranche of bailout to Greece, worth EUR 10.3 billion, after ...

 May 25 2016 - Kuwait protects environment with strict laws - Min. Al-OmairKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 25 (KUNA) -- Kuwait is taking serious measures to protect the environment and natural resources, said Minister of Public Works and Minister of ...

 May 25 2016 - Kuwait crude oil exports to S. Korea down 2.5 pctKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) TOKYO, May 25 (KUNA) -- Kuwait's crude oil exports to South Korea in April fell 2.5 percent from a year earlier to 9.88 million barrels, or 329,000 barrels per ...

 May 25 2016 - Kuwait's nat'l security apparatus chief meets Chechen Pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MOSCOW, May 25 (KUNA) -- Chief of Kuwait's National Security Apparatus Sheikh Thamer Ali Sabah Al-Salem Al-Sabah met with Chechen President Ramzan Kadyrov in ...

 May 25 2016 - Saudi's Vision 2030 repositions its economic situationMENAFN
(MENAFN) Saudi Arabia plans to overcome its relaince on oil and integrate its economy and markets on an international scale, in order to attract more foreign investors.Moreover, Vision 2030 will ...

 May 25 2016 - Saudi, Egypt agree on USD 3.6bn property projectMENAFN
(MENAFN) The USD 3.6bn Mountain View iCity was proclaimed, Egypt's biggest next project which is a joint venture between Egypt and Saudi Arabia.Furthermore, the project reaffirms the confidence ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help