Kuwaiti Firm Wins a $140 Million Deal for Supply and Construction of Oil Pipelines
Kuwait, one of the member states of OPEC producers, has awarded a local company a multimillion project contract for the construction of pipelines worth 42.5 million Kuwaiti dinars ($140 million) to link up the country's oilfields in the South and East, a local newspaper reported on Monday, November 7, 2022.
According to the reports published by the Arabic language daily, Alanba, the Mechanical Engineering and Contracting Company, which won the contract, submitted the lowest bid for the supply and construction of the critical pipelines.
The newspaper quoted official sources which disclosed that the Central Agency for Public Tenders had approved Kuwait Oil Company's request to award the contract to the already-mentioned company. Kuwait Oil Company (KOC) manages the emirate's upstream sector.