Monday, May 13, 2013
BEIRUT (Zawya Dow Jones)--Kuwait-based Agility (AGLTY.KW) has signed a 6.85 million Kuwaiti dinars ($24 million) contract to provide logistics and freight services to state-run Kuwait National Petroleum Co., or KNPC, for five years, the official Kuwait News Agency, or Kuna, reported Monday, citing an executive.
Under the contract, Agility will transport KNPC's purchases of spare parts, components, pipes, and other equipment by air, sea, and land from different world locations, Fahad Fahaad Al Ajmi, KNPC's deputy managing director for finance and administration, told Kuna.
Agility will also provide customs clearing, shipping, and other logistics services in the countries of origin and in Kuwait, he added.
News agency website: http://www.kuna.net.kw/ArticleDetails.aspx?id=2310526&Language=ar
Write to Beirut Bureau at djnews.dubai@dowjones.com
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(END) Dow Jones Newswires
13-05-13 1343GMT
