The local Gulf Spic has submitted the lowest-priced bid for the engineering, procurement and construction (EPC) of new flared gas recovery units at the Mina Abdullah refinery in Kuwait.

Only four firms submitted bids to state refiner Kuwait National Petroleum Company (KNPC) on 3 March.

Gulf Spic’s price of KD19.8m ($70.6m) beat rival proposals from Taiwan’s CTCI at KD20.7m, Japan’s Toyo Engineering at KD22.9m and South Korea’s SK Engineering & Construction at KD23.8m.

The project aims to capture flared gas at the Mina Abdullah refinery by the middle of 2016.  The scope of work includes the installation of two motor-driven compressors with inter-stage coolers, knockout drums, separators, condensate pumps and piping works, as well as electrical, instrumentation and control works.