Kharafi bids low for upgrade
The local Kharafi National, with the UK's Costain Oil & Gas as its engineering subcontractor, is low bidder at KD 33.3 million ($115 million) for the contract to upgrade tank farms at the state's three refineries.Kharafi's bid is marginally lower than the next best price of KD 35.9 million ($124 million) submitted by the local Integral Services Company, which has India's Larsen & Toubro as its subcontractor.The only other bidder is Alghanim International Trading & Contracting Company, also local, which is ranked third on price at KD 40.8 million ($141 million).The 21-month, lump-sum engineering, procurement and construction contract covers the relocation of existing tanks and the installation of new tanks.The client, Kuwait National Petroleum Company, is due to make an award soon.
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