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Petrochemicals Explores Investment Opportunities in Downstream Industries

Petrochemicals Explores Investment Opportunities in Downstream Industries
Qiyas summary

Kuwait Petroleum Company approved awarding a feasibility study for investment opportunities in downstream industries to Deloitte, valued at $365,000.

Translated by Qiyas from الراي — Original source

The Supreme Purchasing Committee of the Kuwait Petroleum Corporation and its subsidiaries approved awarding Deloitte Consulting the contract to prepare an initial feasibility study to identify investment opportunities available to the local private sector in downstream industries, at the request of Kuwait Petroleum Chemicals Industries Company, for a value of $365,000, equivalent to approximately 112,300 Kuwaiti dinars.

According to the decision published in Al-Kuwait Al-Youm newspaper, the award followed negotiations with the company to secure its best bid.

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