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FINANCIAL NEWS
Hyundai, Petrofac win $1.81b contracts in Kuwait
30 Jul 2010
(MENAFN) Kuwait Oil Company said it has awarded Hyundai Engineering and Construction Company and Petrofac contracts worth $1.81 billion to design and build pipelines.
The state-owned firm said Hyundai will build low sulphur fuel oil, fuel gas and gas oil pipelines from Mina al-Ahmadi refinery to Subbiya and Doha power stations. The project, worth $1.3 billion, will be completed by April 2013.
Petrofac will build fuel gas and gas oil pipelines plus a pumping station from the same refinery to al-Zour and Shuaiba power stations for $500 million. It is slated for completion on July 2012.
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20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
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