Gulf Oil and Gas accountACCOUNT

Kuwait to Purchase Nine Oil Tankers

Source: KUNA 1/26/2012, Location: Middle East

Share |
As part of efforts to enlarge and modernize its tanker fleet, Kuwait plans to sign a number of contracts with giant international builders of oil tankers in the coming thirty days for building nine new tankers. In press statements on sideline of Kuwait National Petroleum Company's celebrations of the Environment Day, Chairman and Managing Director of the state-run Kuwait Oil Tankers Company, KOTC, Nabil Bouresly said that KOTC will sign on January 30 contracts with South Korea's Daewoo Shipbuilding and Marine Engineering company (DSME) for building five oil tankers.

Bouresly added that KOTC will also sign mid-February contracts with Hyundai Company for building four tankers of petroleum products. The nine tankers will be eco-friendly and equipped with state-of-the-art technology, he pointed out, adding that the construction and delivery of the tankers will be completed by end of 2014.

"By this move, KOTC realizes its strategic goal set in coordination with the Kuwait Petroleum Corporation to enhance KOTC fleet to include 33 tankers," Bouresly said. He underlined that the environment protection is on top of KOTC priorities. Bouresly also unveiled that nearly 45 percent of the butane gas cylinders project have been completed and the production will start as of mid 2014.

Tankers News in Kuwait >>

Saudi Arabia >>  4/18/2018 - SNC-Lavalin (SNC) has been appointed by Saudi Aramco to install additional facilities for a major gas processing facility in Saudi Arabia’s Eastern Pr...
Saudi Arabia >>  4/10/2018 - Saudi Aramco participated in the Saudi-France CEO Forum held in Paris to promote bilateral business and cooperation between the two countries. The For...

Saudi Arabia >>  4/10/2018 - During the official visit to Paris by Crown Prince of Saudi Arabia, HRH Mohammed bin Salman, Saudi Aramco and Total signed a memorandum of understandi...
United Arab Emirates >>  4/10/2018 - The Abu Dhabi National Oil Company (ADNOC) announced as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum...

Saudi Arabia >>  4/5/2018 - L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Engineering and Construction major Larsen & Toubro Limited, announced an award for th...
Oman >>  3/29/2018 - Petrofac has been awarded a contract worth US$265million for the development of the Marmul Polymer Phase 3 (MPP3) Project in southern Oman. This is th...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Kuwait >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.