Kuwait's Combined Group wins Wafra gasline deal
Kuwait-listed Combined Group Contracting Company (CGCC) announced on Thursday that it has been awarded a contract to build a pipeline to export gas from Wafra Joint Operations venture owned by Saudi Arabia and Kuwait.
CGCC said in a bourse disclosure statement that it has received a letter confirming the awarding of the project with a value of around 12.7 million Kuwaiti dinars ($42 million).
The project was awarded by the state-owned Kuwait Oil Company and is expected to be completed within 30 months, CGCC said.
In late 2022, Saudi Aramco and KOC signed a memorandum of understanding to jointly develop the Durrra gas field located in the Neutral Zone, which is shared by the two Gulf countries. The project aims to produce 280 million cubic metres of gas and around 84,000 barrels of LNG per day.
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
a day ago
- Zawya
Jazeera Airways' first direct flight to Budapest takes off
Jazeera Airways today started its direct service between Kuwait and Budapest, Hungary. The twice-weekly flights mark the first non-stop air connection between the two countries, opening up exciting opportunities for tourism, business, and cultural exchange. Barathan Pasupathi, Chief Executive Officer of Jazeera Airways, and András Szabó, Ambassador of Hungary to Kuwait, were onboard the inaugural flight, which featured a celebratory send-off for all passengers and included a unique souvenir boarding pass presented to the first passenger checked in. The new route, welcomed by Budapest Airport and supported by Visit Hungary, offers travellers from Kuwait easy access to one of Europe's most charming capitals, rich in history, architecture, and thermal spas. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Zawya
KPC: Kuwait crude oil gain 31 cents to $65.24 pb
KUWAIT -- Kuwait crude oil climbed 31 cents during Wednesday's trading to reach USD 65.24 per barrel compared with USD 64.93 pb the day before, Kuwait Petroleum Corporation (KPC) said Thursday. Brent futures dropped 77 cents to USD 64.86 pb and West Texas Intermediate lost 56 cents to USD 62.85 pb. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Zawya
Jazeera Airways First Direct Flight to Budapest takes off
Kuwait City – Jazeera Airways today started its direct service between Kuwait and Budapest, Hungary. The twice-weekly flights mark the first-ever non-stop air connection between the two countries, opening up exciting opportunities for tourism, business, and cultural exchange. Barathan Pasupathi, Chief Executive Officer of Jazeera Airways, and H.E. András Szabó, Ambassador of Hungary to Kuwait, were onboard the inaugural flight, which featured a celebratory send-off for all passengers and included a unique souvenir boarding pass presented to the first passenger checked in. The new route, welcomed by Budapest Airport and supported by Visit Hungary, offers travelers from Kuwait easy access to one of Europe's most charming capitals, rich in history, architecture, and thermal spas. Passengers can now book flights via the Jazeera Airways website, mobile app, or call center at 177. Jazeera Airways also offers a range of fare bundles, products and services as well as connections beyond Kuwait to destinations across the Middle East, South Asia, and Africa. About Jazeera Airways Founded in 2004, Jazeera Airways is a leading low-cost carrier based in Kuwait, serving over 5 million passengers across a network of more than 60 destinations in the Middle East, Central and South Asia, Africa, and Europe. Dedicated to offering affordable, high-quality air travel, Jazeera Airways caters to business, leisure, religious, and weekend travellers, all while maintaining the highest standards of safety and customer service. Jazeera Airways currently operates a modern and efficient fleet of 24 Airbus A320ceo and A320neo aircraft, enabling it to optimize fuel efficiency and reduce environmental impact. 26 new aircraft from its orderbook, 18 A320neos and 8 A321neos are expected to arrive 2027 onwards. The only publicly traded airline on the Kuwait Stock Exchange (Boursa Kuwait), Jazeera Airways was recognized as a Fortune 500 Arabia company and named "Great Place to Work" in 2023. A trailblazer in the aviation sector, Jazeera Airways has introduced several digital initiatives to its customer experience and is one of the first to design, build, and operate its own terminal, Jazeera Terminal 5 (T5), at the Kuwait International Airport.
