Kuwait awards two oil refinery service contracts

They are worth $481mln

  
Image used for illustrative purpose. oil refinery industry plant along twilight morning.

Image used for illustrative purpose. oil refinery industry plant along twilight morning.

Getty Images

Kuwait has awarded three contracts involving maintenance and engineering services for two of its oil refineries with a combined value of around KD145.6 million ($481 million), a newspaper in the OPEC member has reported.

One contract worth around 94.8 million Kuwaiti dinars ($313 million) for engineering and mechanical works at Al-Ahmadi refinery was awarded to the Kuwaiti Arabi Energy and Technology Company by the Kuwait Petroleum Corporation, the Arabic language daily Alanba said.

The second deal with a value of about 50.8 million dinars ($168 million) for Block-2 maintenance services for the 615,000-bpd Al-Zour refinery was awarded to Amco Engineering Services Company by the Kuwaiti Integrated Petroleum Industries (KIPIC), the report said.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© Thomson Reuters Projects News 2020