The contract will see it carry out design, engineering and construction work to overhaul and expand the Ahmadi Depot, one of the two fuel depots owned by the KNPC.
Punj Lloyd will install 11 new floating roof storage tanks with a capacity of approximately 228,000 cubic meters as well as new a new tank gauging system, emergency power supply and automation systems.
The new contract pushes Punj Lloyds order backlog to more than $1bn.
KNPC is currently working on a strategic plan to supply fuel needs until year 2030. A number of strategies are being considered including building new fuel depots to provide fuel for Kuwaits northern and westerns parts.
KNPC has three major refineries: Mina Abdullah, Mina Al-Ahmadi and Shuaiba. Together they have a production capacity of 936,000 barrels a day.