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Kuwait's Heisco wins pipeline deal in Neutral Zone

A Kuwaiti company has won a contract for the replacement of a subsea crude pipeline in the oil-rich Neutral Zone shared by Gulf OPEC members Kuwait and Saudi Arabia. The contract has a value of around 19.8 million Kuwaiti dinars ($65 million) and involves work for 'subsea pipeline replacement,' the heavy engineering industries and shipbuilding company 'Heisco' said in a bourse statement on Monday. The deal was awarded by Al-Kafji Joint Operations, which manages oil and gas production in onshore and offshore areas in the oil-rich Zone. 'Our company has received a letter of award from the Joint Operations for the project subsea pipeline replacement,' Heisco said without providing project details. (Writing by Nadim Kawach; Editing by Anoop Menon) (