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  • 16-05-19

    HEISCO, Saudi Arabian Chevron sign agreement

    (MENAFN) An agreement was secured between Kuwait's Heavy Engineering Industries and Shipbuilding (HEISCO) and Saudi Arabian Chevron Inc at a value of USD6.47 million.

    Under the seven-month agreement, significant operating income will be spurred in the fiscal year 2019-20.

    Both sides, under the deal, will be cleaning and examining 20-inch onshore pipelines and 36-inch pipelines.

    It comes two months after HEISCO granted a tender deal worth KWD 1.97 million from the Kuwaiti-based Saudi Arabian Chevron.

    During the first three months of this year, profits of HEISCO surged by 41 percent on an annual basis.

    MENAFN1605201900450000ID1098528656

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