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Latest News

Kuwait awards $1.8 bln contracts to Hyundai, Petrofac

The project will be completed by April 2013.

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July 30, 2010 8:35 by



Kuwait Oil Company said on Thursday it has awarded Hyundai Engineering and Construction Co and Petrofac Ltd contracts worth 520 million dinars ($1.81 billion) to design and build pipelines.

The state-owned firm said Hyundai will build low sulphur fuel oil, fuel gas and gas oil pipelines from Mina al-Ahmadi refinery to Subbiya and Doha power stations. The project, worth 404 million dinars, will be completed by April 2013.

Petrofac will build fuel gas and gas oil pipelines plus a pumping station from the same refinery to al-Zour and Shuaiba power stations for 116 million dinars. It is slated for completion on July 2012.

(Reporting by Diana Elias; Editing by Amran Abocar)



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