Kuwait's HEISCO wins $5.59mln tender by KOC

The 36-week tender is offered by Kuwait Oil Company

  
Oil rig workers work on the ChevronTexaco drilling platform January 15, 2003 near the Saudi Arabian border, Kuwait. Image used for illustrative purposes.

Oil rig workers work on the ChevronTexaco drilling platform January 15, 2003 near the Saudi Arabian border, Kuwait. Image used for illustrative purposes.

Getty Images/Joe Raedle

Kuwait - Heavy Engineering Industries and Shipbuilding (HEISCO) was awarded a KWD 1.668 million tender for the import of seamless pipes.

The 36-week tender is offered by Kuwait Oil Company (KOC), according to a bourse statement on Wednesday.

The transaction will generate operating profits that will reflect on HEISCO’s financial statements for fiscal year 2019/2020.

It is worth noting that HEISCO achieved a decrease of 4% in profits during the second quarter of 2019, while over the first half, the company recorded a growth of 13.8% in profits to KSA 5.44 million

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Energy