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Tue 28 May 2013 09:09 PM

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Kuwait inks $514m refinery upgrade deal with Daelim

State-run oil group signs contract with oil refinery in South Korea

Kuwait inks $514m refinery upgrade deal with Daelim

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.

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