PROJECTS: Kuwait cleaning firm wins waste disposal deal

Its value is $16.5mln

  
Image used for illustrative purpose. A worker adjusts a valve of an oil pipe at Taq Taq oil field in Arbil, in Iraq's Kurdistan region, August 16, 2014. Picture taken August 16, 2014. REUTERS/Azad Lashkari

Image used for illustrative purpose. A worker adjusts a valve of an oil pipe at Taq Taq oil field in Arbil, in Iraq's Kurdistan region, August 16, 2014. Picture taken August 16, 2014. REUTERS/Azad Lashkari

REUTERS/Azad Lashkari

The National Cleaning Company (NCC) in Kuwait has won a contract worth around 4.98 million Kuwaiti dinars ($16.5 million) for the disposal of solid toxic waste.

The state-owned Kuwait National Petroleum Company (KNPC) has awarded the 3-year contract, which involves waste disposal at KNPC's oil refineries in the Gulf country, NCC said in a statement on Kuwait's bourse on Wednesday.

The contract was awarded after competition from other firms and it will be formally signed soon, the statement added.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

#Kuwait #KuwaitNationalPetroleumCompany(KNPC) #Industrial

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.

© ZAWYA 2020