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FINANCIAL NEWS
Kuwait most likely to award Saipem Al-Zoury refinery project
09 Aug 2015
(MENAFN) According to sources, a consortium led by Italy’s Saipem has submitted the lowest offer in a bid to work on Kuwait’s planned Al-Zour refinery, nominating it to be most likely selected.
The Italian firm has submitted an offer for around USD1.57 billion, but the tender still requires final approval from the country’s higher tenders committees, a source familiar with the matter said.
Last month, Kuwait National Petroleum Co. (KNPC), the national oil refining company of Kuwait, awarded contracts worth more than USD11.5 billion to build the planned 615,000 barrel-per-day refinery.
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