Kuwait’s Combined Group Contracting Company (CGCC) said on Tuesday it had submitted the lowest bid for a local gas project with a value of around 19.28 million Kuwaiti dinars ($63.5 million).

CGCC said in a statement on Kuwait Bourse that it has not yet received a letter confirming the awarding of the contract.

The project for the state-owned  Kuwait Oil Company (KOC) involves “external works for the Jurassic gas production facilities” in North Kuwait, including a feeding pipeline network.

“We have yet not received a confirmation letter for the awarding of this contract...CGCC  will provide the Bourse management with any new developments in this regard,” it said.

(Writing by Nadim Kawach; Editing by Anoop Menon) 

(anoop.menon@lseg.com)

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