As part of efforts to enlarge and modernize its tanker fleet, Kuwait plans to sign a number of contracts with giant international builders of oil tankers in the coming thirty days for building nine new tankers.
In press statements on sideline of Kuwait National Petroleum Company's celebrations of the Environment Day, Chairman and Managing Director of the state-run Kuwait Oil Tankers Company, KOTC, Nabil Bouresly said that KOTC will sign on January 30 contracts with South Korea's Daewoo Shipbuilding and Marine Engineering company (DSME) for building five oil tankers.
Bouresly added that KOTC will also sign mid-February contracts with Hyundai Company for building four tankers of petroleum products.
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