Kuwait receives lowest bid of $1.15 billion for Fuel Depot Project

Kuwait National Petroleum Company (KNPC) receives the bidders proposals for the New Local Marketing Depot at Matla.

Following is the list of bidders submitted the proposals:

  • CONSOLIDATED CONTRACTORS GROUP SAL(OFFSHORE)CCC – KWD 357,252,942.
  • SINOPEC LUOYANG ENGINEERING CO., LTD – KWD 358,378,523 .
  • Enppi – KWD 384,537,0000
  • Larsen & Toubro Limited – KWD 413,704,271.545.
  • OPEN TOWER GENERAL TRADING & CONTRACTING COMPANY (OTC) – KWD 505,483,565.

As per the tender notification, Kuwait National Petroleum Company (KNPC) is planning to build a new depot at Matlaa area in the North of Kuwait. The project main goal is to meet the growing demand of petroleum products in the local market as well as to maintain the maximum strategic stock in depots as per KPC recommendations and to cut down products transportation costs.

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