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Saipem consortium wins 1.57bn contract
(MENAFN- Arab News) KUWAIT: Kuwait has awarded a new $1.57 billion contract for work on its planned Al-Zour oil refinery to a consortium made up of Italy's Saipem and another firm state news agency KUNA reported on Wednesday.
The 45-month contract valued at 475.32 million dinars ($1.57 billion) was the lowest offer submitted in the tender Khalid Al-Asousi spokesman of state-run Kuwait National Petroleum Co. (KNPC) said in a statement according to KUNA.
Last month KNPC awarded 3.48 billion dinars ($11.5 billion) in contracts to build the planned 615000 barrel-per-day refinery.
That included a 454-million-dinar contract for a consortium comprising Saipem Hyundai Engineering and Construction and SK Engineering and Construction to build a marine export terminal.
The signing of all contracts is expected to take place in early October Al-Asousi said.
The 45-month contract valued at 475.32 million dinars ($1.57 billion) was the lowest offer submitted in the tender Khalid Al-Asousi spokesman of state-run Kuwait National Petroleum Co. (KNPC) said in a statement according to KUNA.
Last month KNPC awarded 3.48 billion dinars ($11.5 billion) in contracts to build the planned 615000 barrel-per-day refinery.
That included a 454-million-dinar contract for a consortium comprising Saipem Hyundai Engineering and Construction and SK Engineering and Construction to build a marine export terminal.
The signing of all contracts is expected to take place in early October Al-Asousi said.
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