Tuesday 8 April 2014

Kuwait to invite bids for new refinery | GulfNews.com

Kuwait to invite bids for new refinery | GulfNews.com:



"Opec member Kuwait will invite bids for a new multi-billion-dollar oil refinery next month as part of a drive to modernise the key sector, a top executive said on Monday.



“We will invite bids for the new refinery project in May,” CEO of national conglomerate Kuwait Petroleum Corp. (KPC) Nezar Al Adasani said.



“Another project costing $1 billion (Dh3.67 billion) for the development of heavy oil from northern oilfields will be awarded later in April,” Al Adasani told reporters on the sidelines of the second Gulf Petroleum Forum."



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