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Kuwait awards $1.8 bln contracts to Hyundai, Petrofac
KUWAIT, July 29 |
KUWAIT, July 29 (Reuters) - Kuwait Oil Company said on Thursday it has awarded Hyundai Engineering and Construction Co (000720.KS) and Petrofac Ltd (PFC.L) contracts worth 520 million dinars ($1.81 billion) to design and build pipelines.
The state-owned firm said Hyundai will build low sulphur fuel oil, fuel gas and gas oil pipelines from Mina al-Ahmadi refinery to Subbiya and Doha power stations. The project, worth 404 million dinars, will be completed by April 2013.
Petrofac will build fuel gas and gas oil pipelines plus a pumping station from the same refinery to al-Zour and Shuaiba power stations for 116 million dinars. It is slated for completion on July 2012.
(Reporting by Diana Elias; Editing by Amran Abocar)
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