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 >>  9/26/2016 - In Saudi Arabia, despite increasing transportation fuel requirements, total product consumption declined in July for the fourth consecutive month. Oil...
Saudi Arabia >>  9/22/2016 - Saipem has been awarded new contracts and extensions to existing contracts in the onshore drilling segment in the Middle East and South America. The a...

Saudi Arabia >>  9/21/2016 - In Saudi Arabia, the non-oil private sector continued its growth momentum in August, with the Emirates NBD Saudi Arabia PMI survey revealing notable i...
Saudi Arabia >>  9/15/2016 - In Saudi Arabia, despite increasing transportation fuel requirements, total product consumption declined in July for the fourth consecutive month. Oil...

Oman >>  9/5/2016 - Rex International Holding Limited, and together with its subsidiaries, is ramping up activities in Oman and will be focusing on several initiatives to...
Qatar >>  9/5/2016 - Centrica plc has entered into a new five-year supply agreement with Qatargas for the purchase of up to 2 million tonnes per annum of Liquefied Natural...

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 |

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.