3 Emergency Contracts for Oil Tankers Worth KD 5.4 Million

Ibrahim Muhammad: The official newspaper, Kuwait Today, revealed that the Supreme Tender Committee of the Kuwait Petroleum Corporation and its affiliated companies approved three emergency contracts for the benefit of Kuwait Oil Tanker Company, with a total value of approximately 5.38 million dinars. These contracts cover the repair of two tankers and the provision of towing, salvage, safety, and security services for a third tanker.

The published approvals confirmed the award of emergency repair works for the tanker “Yarmouk” to Arab Shipbuilding and Repair Yard Company (ASRY), valued at 1.08 million dinars, to be carried out during the tanker’s stay in dry dock. The approvals also included direct contracting with the same company to carry out repair works for the tanker “Fintas,” valued at 2.15 million dinars, for a period of 70 days from the date of issuance of the purchase and service order.

Furthermore, the approvals included direct contracting with Ambrey Services FZCO, valued at 2.15 million dinars, to carry out towing, salvage, safety, and security services related to the incident involving the tanker “Kazima 3,” for a period of six months from the date of issuance of the purchase and service order.

In a related development, the official newspaper revealed that the National Petroleum Company signed a memorandum of agreement with the National Company for Chemical and Petrochemical Industries to sell normal butane gas for a period of 20 years, for use in the production of maleic anhydride in Kuwait.

The published data confirmed that the National Company for Chemical and Petrochemical Industries won the contract after offering the highest local value-added percentage, reaching 90%. The agreement aims to supply normal butane gas to the private sector to be used as a raw material in the production of maleic anhydride, a chemical compound used in various industrial applications.