Kuwait Oil Company to build new crude oil flowlines across the country
Kuwaits Central Tenders Committee (CTC) has approved the local Heavy Engineering Industries & Shipbuilding Company (Heisco) for a KD42.9m ($151m) contract to build crude oil flow lines in the west of the country.
The deal was approved on 25 December. A contract is now expected to be signed with the client, state-upstream operator Kuwait Oil Company (KOC).
Heisco submitted the lowest bid for the deal in mid-October, beating rival proposals from eight other firms.
It also bid for a separate deal to build flowlines in the southeast of Kuwait, although its price came in third place to the local Mechanical Engineering & Contracting Company, and Combined Group Contracting Company.
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