Isco wins $38m Kuwait Oil Company services deal

08 October 2009

Local firm to provide engineering services at workshops

Kuwait’s Integral Services Company (Isco) has won a KD11m ($38.5m) contract to provide engineering services at state-run Kuwait Oil Company’s (KOC) workshops.

KOC awarded the contract to Isco on 7 September, according to official documents.

The company will provide technical support services to KOC at its machine workshops across the emirates for five years, according to a source at one firm which also bid for the deal.

The contract is one of various support and maintenance deals that KOC has awarded in recent months as it updates periodical contracts to oversee its infrastructure.

Major deals to revamp existing production networks and refining facilities in the country, such as the $18bn Clean Fuels projects have languished, however, as political wrangling in the country has stalled the development of the oil and gas sector.

Without the bigger deals, the company will face difficulties in propping up its ageing production facilities, according to oil executives who have worked with KOC and its parent company, Kuwait Petroleum Corporation.

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