Korean, Japanese firms win contracts for Kuwaiti refinery

0 Comments | AFP, May, 2008

KUWAIT CITY (AFP) — Four South Korean and a Japanese firm were on Sunday declared winners of four major contracts worth billions of dollars to build a new refinery in Kuwait, an oil official said.

The total value of the bids made by the companies was around 8.3 billion dollars, Mohammad al-Ajmi, spokesman for national refiner Kuwait National Petroleum Company (KNPC), told AFP.

One contract for the main manufacturing units was awarded to a consortium of Japanese JGC Corp and South Korea's GS Engineering and Construction Corp for four billion dollars, he said.

SK Engineering and Construction Co of Korea was awarded the subsidiary units for 2.06 billion dollars, while Daelem Industries, another South Korean firm, won a contract of tanks for 1.184 billion...