Kuwaiti Contractor Mushrif GTC wins $48.8m tender from Kuwait Oil Company.

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Kuwaiti contractor Mushrif Trading & Contracting Co has announced that it has won a $48.8m tender from Kuwait Oil Company.The contract will see it install flare fingers at 14 different points around the south east of Kuwait. The contract runs over a period of 730 days.

[tbpspa]

Earlier this month, Mushrif Trading & Contracting filed results for 2012 which showed that pre-tax profits before deductions grew marginally to $5m and revenues increased by almost 10% to $105.2m.

In a statement, the company said that 2012 had "been a period of steady growth for us as we managed to increase our order book by a significant amount".

[tbpspa]

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