Kuwait Oil Company awards $176 million maintenance contracts

Kuwait Oil Company awards $176 million maintenance contracts

Kuwait Oil Co (KOC) has awarded two local companies contracts to provide maintenance services for key oil facilities with a combined value of around $176.2 million, Zawya Projects reported, citing a report from Arabic language daily Alanba. 

KOC, which manages the OPEC producer’s upstream industry, awarded a 74.6 million maintenance service contract for its facilities in South and East Kuwait to Bader Almulla and Brothers Co.

KOC also awarded a maintenance  contract for its facilities in South Kuwait to HOT Engineering & Construction Co with a value of $101.6 million, the newspaper said. 

“KOC has notified the Central Agency for Public Tenders of its decision to award those contracts to the two companies after they submitted the lowest bids,” the report noted.