10 December, 2019

Kuwaiti firm wins $25.7mln deal for KOC

Project includes clean-up work near oilfields

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

10 December 2019
State-owned Kuwait Oil Company (KOC) has awarded Kuwaiti dinars 7.8 million ($25.7 million) contract to a local firm for cleaning up areas near its fields and other facilities in West Kuwait, a newspaper said on Tuesday.

Sabel United Company, a Kuwaiti contracting firm, won the contract for the "removal of sand and other debris" in those areas, the Arabic language daily Al-Rai said.

KOC awarded Sabel the contract after it was approved by the Central Agency for Public Tenders, which decided the bidder met all contract conditions, it said.

Sabel submitted the lowest price in its bid for the project, which had also attracted many other local contractors, the paper added.

(Writing by Nadim Kawach; editing by Anoop Menon)

(anoop.menon@refinitiv.com)

Our Standards: The Thomson Reuters Trust Principles

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.

For more data, analytics, tools and news on projects in the Middle East visit the Thomson Reuters Projects portal

© Thomson Reuters Projects News 2019