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Kuwait will quickly fee an oil pipeline that may feed its largest refinery within the Southern Al-Zour space after practically two years of delay, a newspaper mentioned on Tuesday.
The contract to construct the pipeline at a price of round 256.9 million Kuwaiti dinars ($848 million) was awarded to a overseas agency in August 2017 and work had been on account of be accomplished after three years, the Arabic language every day Al-Anba mentioned.
However corrosion within the pipes in some areas due to mud and different issues pressured the state-owned Kuwait Oil Firm (KOC) to delay the execution of the undertaking, the paper mentioned with out naming that agency.
“KOC imposed a tremendous of 7-9 million dinars ($23-30 million) on the contractor for the delay and for failing to supply dewatering techniques as per the contract….this led to the erosion of the pipes in these areas,” the paper mentioned.
It quoted KOC sources as saying the fee of the pipeline would enable the Firm, which manages Kuwait’s upstream sector, to totally function $16-billion Al-Zour oil refinery, with a capability of 615,000 bpd.
(Writing by Nadim Kawach; Modifying by Anoop Menon)
(anoop.menon@lseg.com)
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