Beirut (APD) - The state-owned Kuwait National Petroleum Company (KNPC) has called on 20 international firms and their local agents to participate in a $200 to $400 million maintenance project of its refineries' tanks, the Kuwait-based daily al-Rai al-Aam reported Saturday.
These international firms had turned down previous calls by KNPC to participate at this project as these companies were engaged in several projects in the Gulf region, the daily said.
The overall project of refurbishing KNPC three existing refineries has a total cost of $2 billion.
KNPC existing refineries are Shuaiba refinery, Mina Abdullah refinery and Mina Al-Ahmadi refinery.
A number of Kuwaiti firms that include Al Kharafi group are participating at the overall deal.
Established in 1960, KNPC is fully-owned by Kuwait Petroleum Corporation (KPC). It is involved in oil refining and gas liquefaction as well as the distribution of petroleum products in the local market on behalf of KPC the state-owned oil giant. [NI-FC]
© APD (Arab Press Digest) 2006
