Tankers: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Middle East Oil Supply - August 14
Yemen >>  8/19/2014 - The Middle Eastís oil supply is expected to decrease by 20 tb/d from 2013 to average 1.33 mb/d in 2014, representing a minor upward revision of 10 tb/...
Middle East Oil Demand in August 2014
Saudi Arabia >>  8/12/2014 - In Saudi Arabia, June 2014 oil demand was characterized by continued healthy growth. All product categories increased during the month with the except...

Middle East Oil Supply in July 2014
Bahrain >>  8/6/2014 - Middle Eastern oil production is expected to decrease by 30 tb/d in 2014 to average 1.32 mb/d. The decline is driven by an anticipated supply drop fro...
Aramco Awards US$54 Mln EPC Contract to Essar Projects
Saudi Arabia >>  8/5/2014 - The Hydrocarbon SBU of Essar Projects, a global EPC (engineering, procurement, construction) contractor, has secured its maiden contract from Saudi Ar...

KBR Awarded Engineering Contract for Al-Nasr Field
United Arab Emirates >>  7/25/2014 - KBR Inc. announced that it has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design services for the Abu...
Iraq Approves $600 Mln Oil Depot Contract With CPP
  Iraq >>  7/22/2014 - Iraq's cabinet said it had approved a $607 million contract with China Petroleum Pipeline (CPP) for the construction of an oil storage depot near its ...



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 |

More News

Oil & Gas Companies in Kuwait >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us