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Kuwait’s Combined Group Contracting Company has submitted the lowest bid for a project to construct flow lines for oil wells in Southeast Kuwait.
In a bourse statement on Wednesday, the Company said it had submitted a bid with a value of around 3.39 million Kuwaiti dinars ($11.2 million).
The contract involves building flow lines to several injection oil wells and associated works, Combined Group said, adding that the tender has been issued by the state-owned Kuwait Oil Company (KOC).
“We have not yet received a letter from KOC confirming the award of the contract,” the statement said.
(Writing by Nadim Kawach) (Editing by Anoop Menon
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