FINANCIAL NEWS

KOTC to construct $190m gas plant with Hanhwa

02 Sep 2010

(MENAFN) A statement issued by the Chairman and Managing Director of the Kuwait Oil Tanker Company (KOTC), Nabeel Burisli said that the company has signed a $190 million contract with Hanhwa, a South Korean company, to found a liquefied gas plant in northern Kuwait, Arabian Business reported.

He added that the plant is going to provide energy needs in the northern region and also projects like Madinat Al-Hareer which is a proposed 250 square kilometers city in Subiya.

The plant, which is going to supply 15 million cylinders of gas every year, is to be set in Um Al-Aish area in northern Kuwait. The plant will be built over an area of 150,000 square meters and will serve the local market until 2030.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.