Middle East Economic Survey
VOL. XLVIII
No 41
10-October-2005
KUWAIT
KOC And Hyundai Sign Mina Al-Ahmadi Export Expansion Contract
Kuwait Oil Company (KOC) and Hyundai Heavy Engineering on 3 October signed a contract worth KD361mn ($1.25bn) under which the latter will expand the crude oil export facilities at Mina al-Ahmadi. It was announced in August that Hyundai had presented the lowest bid and would be awarded the contract (MEES, 29 August). On completion, scheduled for July 2008, Kuwaits export...
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