Petroleum Authority Awards Study on Investment Opportunities for the Private Sector in Downstream Industries
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The Kuwait Petroleum Authority awarded Deloitte Consulting a $365,000 contract to study investment opportunities for the private sector in downstream industries, based on a request from Kuwait Petroleum Industries.
Translated by Qiyas from الوسط — Original source
The Supreme Purchasing Committee of the Kuwait Petroleum Corporation and its subsidiaries approved awarding the contract for conducting a preliminary feasibility study to identify investment opportunities available to the local private sector in downstream oil industries, following a request by the Petrochemical Industries Company. According to the decision published in the official gazette, “Kuwait Today,” the contract was awarded to Deloitte Consulting for $365,000, equivalent to approximately 112,300 Kuwaiti dinars. The award decision followed negotiations with the company, after its bid was deemed the best, as stated in the decision.
