PHOTO
Image used for illustrative purpose. An employee turns a valve at a boosting compressor station (BCS) owned by Ukrgasvydobuvannya Public Joint Stock Company in Chervony Donets, Kharkiv region, August 5, 2014. Ukrgasvydobuvannya deals with oil and gas fields search and exploration, its development and extraction, processing raw hydrocarbon deposits and oil product sales, according to its official website. REUTERS/Konstantin Grishin
A Greek company has won a contract for the operation and maintenance of gas import facilities in Kuwait with a value of 32.5 million Kuwaiti Dinars ($107 million), a newspaper in the OPEC oil producer reported on Monday.
The five-year contract, awarded by the Kuwait Integrated Petroleum Industries Company (KIPIC) to The Hellenic Gas Transmission System Operator (DESFA), involves "operation and maintenance works" at the gas import facilities in Al-Zour in South Kuwait, the paper said, quoting KIPIC sources.
DESFA was the only bidding firm whose bid was found to be compatible with the "specifications and terms" set by KIPIC, the report said.
It noted that the project to build gas import facilities near one of the world's largest oil refineries in Al-Zour is scheduled to be completed in March 2021 and it has the capacity to process nearly 3,000 tonnes of LNG per day.
Kuwait awarded the $2.9-billion project to Hyundai Engineering and Construction Company of South Korea in 2016, the report said.
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@refinitiv.com)
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