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FINANCIAL NEWS
Daelim to build $900m gas plant in Kuwait
12 Jun 2010
(MENAFN) An official at the Kuwait National Petroleum Company (KNPC) said that the company has awarded a $900 million contract to South Korea’s Daelim Industrial Company to build a fourth gas plant in Kuwait, Reuters reported.
The builder was awarded the deal earlier on Wednesday due to its lower offer, the official said, adding that the plant would be in charge of liquefied gas coming from the Kuwait Oil Company.
The KNPC has already three liquefied gas factories, and the new one will be its fourth plant, the official added.
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