Kuwait’s SPETCO submits lowest bid of $288.5 million for KOC Project

Kuwait Oil Company (KOC) receives the bidders proposals for the project, Mutriba Remote Boosting Facility (MRBF).

Three bidders has submitted the proposals:

  • SPETCO International Petroleum Company has submitted the price of KWD 88.2 million.
  • Combined Group Contracting Company has submitted the price of KWD 123 million.
  • Alghanim International General Trading & Contracting Co has submitted the price of KWD 129.45 million.
The project involves the construction of a remote boosting facility located at Mutriba area in the northwest Kuwait.