Kuwait awards USD1.57b contract for oil refinery| MENAFN.COM

Sunday, 16 January 2022 07:57 GMT

Kuwait awards USD1.57b contract for oil refinery

(MENAFN) Kuwait has awarded a new USD1.57 billion contract for work on its planned Al-Zour oil refinery to a consortium made up of Italy's Saipem and another firm.

The 45-month contract, valued at USD1.57 billion, was the lowest offer submitted in the tender, Khalid Al-Asousi, spokesman of state-run Kuwait National Petroleum Co (KNPC) said.

Last month, KNPC announced that it awarded USD11.5 billion in contracts to build the planned 615,000 barrel- per-day refinery.

That included a USD1.5 billion contract for a consortium comprising Saipem, Hyundai Engineering and Construction, and SK Engineering and Construction to build a marine export terminal.

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.