KOC to issue two tenders worth KWD18 mln

Kuwait Oil Company – KOC ,a subsidiary of state -run Kuwait Petroleum Corporation , said it intends to issue two new tenders worth KWD 18 million ($63 million) , reported local newspaper Al Rai.

The first tender, will be with a value of KD10m ($35m), involves work to protect the company’s pipelines , while the second one will worth KWD8m ($28m) and covers maintenance work at the company’s oil tanks, the report said, quoting oil sources.

KOC is the world’s fourth-largest oil exporter and has been qualified to participate in multi-billion dollar program to develop the emirate’s hydrocarbon sector and lift crude output capacity to nearly four million barrels per day by 2020.

Source : Al Rai News Paper.

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