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Kuwait reopens refinery bidding
- Kuwait: Wednesday, February 21 - 2007 at 15:54
Kuwait National Petroleum Company will reopen the bidding for a 615,000 bpd refinery project, after initial bids came in at $15bn - more than two-and-half times the original budget. South Korean firms dominated the original bidding for the Al-Zour project. The new tender will be based on a cost plus profit margin, KNPC chairman Sami al-Rasheed told AFP.
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James McInerney, News EditorWednesday, February 21 - 2007 at 15:54 UAE local time (GMT+4)
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This article was updated on Tue May 01 2007.
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