Kuwait’s Central Tenders Committee (CTC) has approved South Korea’s Samsung Construction & Trading (C&T) for a major civil works contract, ahead of Kuwait’s long-awaited Clean Fuels Project (CFP) tender.
Samsung’s price of KWD 38.3 million ($136.4 million) was approved by the CTC, which monitors major public tenders on December 3, less than two months after bids were submitted. A contract with state refiner Kuwait National Petroleum Company (KNPC) is now little more than a formality.
A total of seven engineering and construction firms submitted bids on 9 October.
The project is the first contract to be awarded as part of the preparation works for the CFP, which will upgrade and expand the Mina al-Ahmadi and Mina Abdullah refineries, along with the retirement of the aging Shuaiba refinery.
The estimated $18 billion megaproject, which will be tendered in three packages, will increase the processing capacity of the Mina al-Ahmadi and Mina Abdulla refineries to 800,000 barrels a day (b/d) from 736,000 b/d by 2017, following the retirement of processing facilities at the Shuaiba refinery.
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Via : Mubasher
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