Kuwait signs USD 2.9bn gas deal with Korean firms


(MENAFN) Kuwait signed a USD 2.93bn deal with three South Korean companies for the building of the huge liquefied Natural Gas (LNG) import facility.

Moreover, the project will be built at the Al-Zour refinery near the border with KSA, which was given to Hyundai Engineering Co., Hyundai & Construction Co. and Korea Gas Corporation.

Additionally, the facility will be part of a large complex built in Al-Zour, south of Kuwait City, which will be house a state-of-the-art 615,000 barrel-per-day.

The country awarded deal value USD 13.2bn to 10 international companies to build the refinery, which is ready to come on line in late 2019.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.