Kuwait's KPC to blacklist defaulting contractors

KPC has formed a working group to prepare a unified blacklist at the level of the oil sector

  
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. Oil rig workers work on the ChevronTexaco drilling platform January 15, 2003 near the Saudi Arabian border, Kuwait.

Getty Images/Joe Raedle

KUWAIT CITY: The Kuwait Petroleum Corporation (KPC) has formed a working group to prepare a unified blacklist at the level of the oil sector and is expected to be implemented by all the oil companies affiliated to it after getting approval by the concerned authority, reports Al-Anba daily quoting responsible oil sources.

The KPC disclosed the types and categories of works and materials will be unified in tenders and projects implemented by oil sector companies, in order to facilitate the floating and qualification of tenders and projects.

The sources stated preparing a unified black list of defaulting contractors in the oil sector would keep in check the failure of projects, as each oil company has what it called a ‘Questionable’ list in which contractors who fail to deliver on time or who breach their contractual obligations are included in the list in accordance with the policies and regulations of each contracting company.

© 2021 Arab Times Kuwait English Daily. All Rights Reserved. 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