Middle East Economic Survey

VOL. XLVIII

No 30

25-July-2005

Kuwait

Tekfen Wins KOC Storage Tank Contract, Total Capacity To Match 2.62Mn B/D Output

Kuwait Oil Company (KOC) announced on 17 July that it had awarded a contract worth KD65mn ($223mn) to Turkeys Tekfen Construction and Installation Company for the construction of eight oil storage tanks, each with capacity to store 618,000 barrels of crude. The first three tanks are scheduled for completion in November 2006, and the remaining five in...