Latest news with #HeavyEngineeringIndustriesandShipbuildingCompany
Zawya
24-04-2025
- Business
- Zawya
HEISCO makes lowest bid for Kuwait refinery services
Kuwait's Heavy Engineering Industries and Shipbuilding Company (HEISCO) has submitted the lowest bid for maintenance services at Mina Al-Ahmadi oil refinery, the Company said on Thursday. HEISCO said in disclosure statement on Kuwait's bourse that its subsidiary Gulf Dredging and General Contracting Company made the bid with a value of around 4.93 million Kuwaiti dinars ($16 million). The contract involves providing marine maintenance services for Mina Al-Ahmadi refinery, the statement said. It said the company submitted the bid to the state-owned Kuwait National Petroleum Company, the Gulf states downstream arm, adding that it would inform the bourse management of any development in this regard. (Writing by Nadim Kawach; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Zawya
16-04-2025
- Business
- Zawya
Kuwait's HEISCO gets $188 mln credit to fund projects
Kuwait-based Heavy Engineering Industries and Shipbuilding Company (HEISCO) said on Wednesday it has signed an agreement with a local bank for a credit of around 57.1 million Kuwaiti dinars ($188 million). The Company said in a disclosure statement on Kuwait's bourse that it would use the credit to fund its project activities. 'We would like to inform you that the Company has signed a credit facilities agreement with one of the local banks to finance the Company's activities,' it said without specifying the creditor. The statement said the financial impact cannot be determined now, adding that the funds to be utilised will gradually reflect on the financial statements over subsequent periods from the value of the banking facilities. (Reporting by Nadim Kawach; Editing by Anoop Menon) (
Zawya
27-01-2025
- Business
- Zawya
Kuwait's HEISCO wins refinery retubing deal
Kuwait-listed Heavy Engineering Industries and Shipbuilding Company (HEISCO) said on Monday it has won a contract for tube replacement at Kuwait's Mina Al-Ahmadi oil refinery with a value of around 1.79 million dinars ($6 million). In a bourse statement, HEISCO said it was awarded the deal after it submitted the lowest bid for the project. The contract, awarded by the state-owned Kuwait National Petroleum Company, involves 'retubing of heat exchangers during major shutdowns at Mina Al-Ahmadi Refinery,' the firm said. (Reporting by Nadim Kawach; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
