Monday 22 September 2014

FIVE OIL MAJORS PRE-QUALIFIED FOR KUWAIT DEAL

Kuwait’s state oil operator has pre-qualified five international oil majors to bid for a five-year consultancy contract for a USD-multi-billion project to lift its crude production capacity to 3.65 million bpd by 2020, an oil official was quoted on Sunday as saying.

Royal Dutch Shell, British Petroleum, France’s Total, Exxon Mobil and Chevron of the US have been asked to submit bids by the Kuwait oil company, which runs the Gulf emirate’s massive hydrocarbon sector, KOC’s CEO Hashim Sayed Hashim said, quoted by the Kuwaiti Arabic language daily Al Anba.

Read more @ The Punch

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