KOC signed a contract with Kuwait Ports Authority to lease two marine berths in Shuaiba Port, and storage areas in the land belonging to the Authority in the Shuaiba Industrial Area.
The contract was signed by the Company's CEO Ahmad Jaber Al-Eidan, while it was signed on behalf of the Ports Authority by its Acting Manager Jihad Al-Hassawi, in the presence of a number of officials from both sides.
The contract, which is renewable for a period of three years, stipulates the Company's lease of marine berths 4 and 20 in Shuaiba Port, and storage areas of 40,000 square meters for the logistics operations of the offshore drilling project that the Company is working on.
The importance of this site stems from the fact that Shuaiba Port is the only one that has the necessary means and infrastructure to start the logistical work of the offshore drilling project.?