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...