KOC, KNPC to float tender worth more than 90 million dinars.

The Kuwait Oil Company (KOC) and the Kuwait National Petroleum Company (KNPC) are in the process of floating tenders worth nearly 90.3 million dinars for the supply of lining of oil pipes and leasing cars for common use. The oil sector sources said that the KOC decided to award a tender for the supply lining of pipes worth about 49 million dinars.

The third group of the tender was awarded to the Technical Company for Petroleum Equipment (the second-lowest price), which conforms to the terms and specifications, with a total amount of 37.3 million dinars. The company which offered the first lowest price was excluded for not renewing the initial insurance.

The fourth group was awarded to the Technical Company for Petroleum Equipment (the second-lowest price), which conforms to the terms and specifications for a total amount of 9.94 million dinars.

The sources said that the tenth group of the tender was awarded to the Technical Company for Petroleum Equipment (the third lowest price), which conforms to the terms and specifications, with a total amount of 1.5 million dinars, after excluding the lowest price for not renewing the initial insurance, and the Central Agency for Public Tenders (CAPT) requested all companies participating in the tender to renew the initial insurance.

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Source: Arab Times Online

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