Indian firm wins $265m deal to build Kuwait oil pipeline

Larsen & Toubro's hydrocarbon division bags contract from Kuwait Oil Company
Indian firm wins $265m deal to build Kuwait oil pipeline
By Staff writer
Fri 22 Sep 2017 09:15 AM

Larsen & Toubro’s hydrocarbon division has bagged a major pipeline contract with a value close to 1,700 crore rupees ($265 million) from Kuwait Oil Company.

The contract is for engineering, procurement and cconstruction of a new pipeline from North Kuwait to Ahmadi, the company said in a statement.

The completion of the project is scheduled in the third quarter of 2020, it added.

The company said the order was won against "stiff international competitive bidding", adding that it has been serving the onshore hydrocarbon sector since early 1990s.

Larsen & Toubro is an Indian company with over $17 billion in revenue and operating in over 30 countries worldwide.

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