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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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