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Kuwait has awarded two local companies contracts to provide maintenance services for key oil facilities with a combined value of around 53.4 million Kuwaiti dinars ($176.2 million), a Kuwaiti newspaper reported on Monday.
The state-owned Kuwait Oil Company (KOC), which manages the OPEC producer’s upstream industry, decided to award a maintenance service contract for its facilities in South and East Kuwait to Bader Almulla and Brothers Company, the Arabic language daily Alanba said, adding that it has a value of KWD 22.6 million ($74.6 million).
KOC also decided to award a maintenance contract for its facilities in South Kuwait to HOT Engineering & Construction Company with a value of KWD 30.8 million ($101,6 million), the paper said.
“KOC has notified the Central Agency for Public Tenders of its decision to award those contracts to the two companies after they submitted the lowest bids,” it added.
(Writing by Nadim Kawach; Editing by Anoop Menon)
