A pipeline construction contract tendered by the state-owned upstream operator Kuwait Oil Company (KOC) has a budget of about $80m, according to industry sources.The contract was tendered on 1 June 2025 with a bid submission deadline of 26 August 2025.A meeting with contractors to discuss the project is due to take place on 6 July 2025.The contract is focused on developing crude oil pipelines and associated facilities.Due to the size of the contract and the scope of the project, it is likely there will be significant competition between domestic companies to win this contract.Kuwait is in the middle of an upstream projects push, in line with its goal of producing 4 million barrels a day (b/d) of oil by 2035.Production capacity currently stands at about 2.9 million b/d, and the country aims to reach 3.2 million b/d before the end of 2026.On 10 May 2024, Kuwait’s Emir, Sheikh Mishal Al-Ahmad Al-Sabah, announced the indefinite suspension of parliament in a televised speech.Under Kuwaiti law, parliament can be suspended for a maximum of four years.Prior to the suspension of Kuwait’s parliament, the country suffered from very low levels of project awards for several years due to political gridlock and infighting between the country’s cabinet and parliament. (ICE KUWAIT)

Fonte notizia: Meed