Indian firm partnered with local Joint Scientific Group submits lowest bid to KOC
Indian engineering and construction company Larsen and Toubro has submitted the lowest bid to construct feed pipelines as part of the Kuwaits $15bn New Refinery Project.
Larsen and Toubro, partnered with the local Joint Scientific Group, have submitted a bid of $814m to Kuwait Oil Company for contract.
The next highest bidder is Dodsal with a bid of $922m. Saipem, Daelim and Petrofac submitted bids of $946m, $959m and $1,030m respectively.
The winner of the contract will construct 250km of crude feed pipelines that will serve the new 615,00 barrel-a-day refinery planned at Al-Zour in southern Kuwait.
The Kuwaiti National Petroleum Company first released plans to build the Al-Zour refinery in May 2008 but the project has repeatedly suffered delays.
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