Kuwait signs $552m gas tank contract with GS Engineering

Tanks will have a capacity of 723,000 cubic metres and will be built in Mina Al-Ahmadi refinery
Kuwait signs $552m gas tank contract with GS Engineering
GAS STORAGE: Kuwait National Petroleum Co signed a KD153m ($552m) contract with Korea’s GS Engineering & Construction Corp. to build 10 storage tanks for butane and propane gases (Bloomberg Images - for illustrative purposes only)
By Bloomberg
Wed 06 Apr 2011 05:19 PM

Kuwait National Petroleum Co
signed a KD153m ($552m) contract with Korea’s GS
Engineering & Construction Corp. to build 10 storage tanks for
butane and propane gases, an official said.

The tanks will
have a capacity of 723,000 cubic metres and will be built in the Mina
Al-Ahmadi refinery, Mohammed Al Ajmi, a spokesman for the state-run
refinery operator, said on Wednesday in a phone interview in Kuwait City. The
contract will be for 36 months, he said.

Mina Al Ahmadi,
located south of Kuwait City, is the country’s largest oil-processing
plant with a capacity of about 460,000 barrels a day.

Kuwait, holder
of the world’s fifth-largest oil reserves and the fifth-biggest
producer in the Organization of Petroleum Exporting Countries, pumped
2.4 million barrels of crude a day in March, according to Bloomberg
data.

For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.