KOC issues tender for pipeline extentions
Kuwait City, February 2, 2010
Kuwait Oil Company (KOC) has issued a tender worth up to $280 million to extend existing oil pipelines, local media reported on Tuesday.
The tender was issued as part of KOC's plans to expand production at its North field, said daily's Al-Anbaa and Al-Seyassah.
Opec member Kuwait, the world's fourth-largest oil exporter, has a long-term target to boost its output to 4 million barrel per day by 2020, from around 3 million bpd now.
Work on the pipeline extension was expected to begin in the third quarter of 2010.