10 million KD initial insurance for participants in Gulf Oil tender bids

The Supreme Tender Committee of the Kuwait Petroleum Corporation and its subsidiaries announced the launch of the “Engineering, Procurement, and Construction for Onshore Processing Facilities” (EPC for Onshore Processing Facilities) tender, at the request of the Kuwait Gulf Oil Company.

It stated that the final deadline for submitting bids is December 29, 2026, with the preliminary meeting scheduled for September 14 of next year. Participating companies are required to pay an initial security deposit of approximately 10 million Kuwaiti dinars, valid for the entire 90-day duration of the bid.