PROJECTS: Kuwait to award $900mln oil pollution mitigation deals

PROJECTS: Kuwait to award $900mln oil pollution mitigation deals

Kuwait will soon award contracts for oil pollution clean-up to three local companies worth nearly $900 million, a Kuwaiti newspaper reported on Sunday.  Al-Sayer General Trading & Contracting, Khalid Al-Kharafi Group and the Kuwait Company for Process Plant Construction & Contracting have won the deals for the clean-up operation in North and South Kuwait, the Arabic language daily Alanba said. The state-owned Kuwait Oil Company (KOC), which had issued the tenders, has requested approval for the contract-awarding by the Central Agency for Public Tenders, the paper said, quoting KOC sources. “The tenders included five main packages involving treatment of the oil-polluted soil in North and South Kuwait following the (1990-1991) Iraqi occupation,” the paper said elaborating on the contracts. (By Staff Writer; Editing by Anoop Menon)([email protected]) Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here. © ZAWYA 2021