Kuwait Inks $514m Refinery Upgrade Deal With S.Korea’s Daelim

The work is due to be completed within three years at the refinery.

Kuwait’s state-run oil group signed a KD147 million ($514 million) contract with South Korea’s Daelim Industrial Co. to build and upgrade facilities at an oil refinery in the Gulf Arab state, state news agency KUNA said on Tuesday.

The work will focus on facilities for handling sulphur at the Mina Ahmadi refinery, KUNA said, citing a spokesman for Kuwait National Petroleum Company (KNPC).

The work is due to be completed within three years at the refinery, one of three in major oil producer Kuwait, KUNA said.

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