KUWAIT - Kuwait Oil Company has signed contracts worth over $1.3 billion to import drilling towers, the firm's chief executive told Kuwait's Arabic-language al-Anba newspaper.

The contracts have a tenure of three years and can be renewed for another two years, Jamal Jaafer, chief executive of Kuwait Oil Company was quoted as saying.

(Reporting by Ahmed Hagagy, writing by Hadeel Al Sayegh, editing by Susan Fenton) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))