KOC weighs re-tendering $2.5bn project under new Build-Own-Operate model
The Kuwait Oil Company is thinking about re-tendering a large oil infrastructure project. The project has a value of around $2.5 billion. This comes after the original tender was cancelled in January. The company is looking at a revised contracting strategy using a Build-Own-Operate model. A new bidding process could take place in the first quarter of 2027. These details were reported by MEED magazine using oil sector sources.
The Kuwait Oil Company (KOC) is considering re-tendering a major oil infrastructure project worth approximately $2.5 billion after cancelling the original tender in January, with a revised contracting strategy potentially paving the way for a fresh bidding process in the first quarter of 2027. According to MEED magazine, citing sources in the oil sector, the … The post KOC weighs re-tendering $2.5bn project under new Build-Own-Operate model appeared first on Times Kuwait .