Gulf Oil and Gas accountACCOUNT

Kuwait in $556M Deal with Daewoo for 5 New Tankers

Source: Reuters 1/30/2012, Location: Middle East

Share |
Kuwait Oil Tanker Co (KOTC) has signed a $556 million contract with South Korea's Daewoo Shipbuilding & Marine Engineering to build five new tankers, the state news agency KUNA reported on Monday.

The four double-hull very large crude carriers (VLCC) will be able to carry 2.2 million barrels of crude each while the fifth vessel is for oil products with a capacity of 800,000 barrels, it said.

Kuwait will take delivery of the tankers in early 2014.

Daewoo Shipbuilding, the world's No. 2 shipbuilder, is aiming for around $11 billion in new orders this year, the same as it initially forecast for 2011, despite a credit crunch that has seen orders cancelled.

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.