Kuwaiti companies grabbed contracts worth more than 2.5 billion Kuwaiti dinars ($8.25 billion) as part of three major downstream projects awarded by country over the past few years, an oil official has said.
The projects comprise the 615,000-bpd Al-Zour oil refinery in South Kuwait, the Clean Fuel Project for upgrading Kuwait’s refineries and gas import facilities, said Walid Al-Badr, CEO of the state-owned Kuwait National Petroleum Company.
Quoted by the Kuwaiti Arabic language daily Alanba on Thursday, Badr said local firms were awarded deals worth around 1.047 billion dinars ($3.45 billion) in Al-Zour project and nearly 1.3 billion dinars ($4.29) in the CFP contract. They also benefited in sub-contracts in the gas facilities project, he added.
He noted that CFP, involving Mina Al-Ahmadi and Mina Abdullah refineries, has almost been fully commissioned while nearly 98 percent of Al-Zour and gas facilities projects have been executed.
(Writing by Nadim Kawach; Editing by Anoop Menon)
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