Kuwait inks $514 mln refinery upgrade deal with S.Korea’s Daelim
KUWAIT, May 28, 2013 (Reuters) – Kuwait’s state-run oil group signed a 147 million dinar ($514 million) contract with South Korea’s Daelim Industrial Co. to build and upgrade facilities at an oil refinery in the Gulf Arab state, state news
agency KUNA said on Tuesday. The work will focus on facilities for handling sulphur at the Mina Ahmadi refinery, KUNA said, citing a spokesman for
Kuwait National Petroleum Company (KNPC).
The work is due to be completed within three years at the
refinery, one of three in major oil producer Kuwait, KUNA said.
($1 = 0.2861 Kuwaiti dinars)
(Reporting by Sylvia Westall; editing by Sami Aboudi and James