Kuwait Plans $300 Million Tender for Two Projects

Source: Bloomberg 3/20/2012, Location: Middle East

Kuwait plans to issue a tender within four weeks to choose consultants for its new refinery and clean-fuel projects, the state-run news agency KUNA reported, citing an official.

Each consulting contract will cost about $300 million and there may be as many as nine international pre-qualified consultants for the projects, the news service cited Fahad al- Ajmi, chairman of Kuwait National Petroleum Co., as saying. The budget for the projects, planned to be completed by 2018, is about 8.5 billion dinars ($30.5 billion), al-Ajmi said, according to KUNA.

Kuwait National, the state-run refiner, is awaiting final approval from the Supreme Petroleum Council, the country’s highest decision-making body for oil policy, on the 615,000 barrel-a-day refinery. Kuwait National approached companies including Fluor Corp. (FLR) of Irving, Texas, Technip SA (TEC) and U.K.- based Amec Plc (AMEC) to work as project management consultants, KNPC’s spokesman said in a Sept. 27 interview.

The Al-Zour project, which will help meet domestic demand, stalled three years ago amid political opposition. The project got the first approval from the Supreme Council last June.


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