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Wednesday , November 25 2020

‘Oil’ plans to exclude from tenders cos that failed to executive projects

KPC develops unified blacklist for sector

KUWAIT CITY, Oct 25: The oil sector recently decided to exclude from its tenders all local and international companies that failed to implement several oil projects in the last two years, reports Al-Anba daily quoting a reliable source from the oil sector.

According to the source, Kuwait National Petroleum Company (KNPC) has asked the Central Agency for Public Tenders (CAPT) to exclude an international company from participating in the tenders of KNPC due to the latter’s inability to execute the contract for the engineering, construction and operation works in the acid gas removal plant at Mina Ahmadi Refinery.

The source disclosed that Kuwait Oil Company (KOC) is also planning to exclude a large number of companies which failed to implement vital projects for the purpose of increasing production, such as the establishment of a collection center in North Kuwait and another for water treatment.

The source said Kuwait Petroleum Corporation (KPC) is currently developing a unified blacklist for the entire oil sector in order to prevent the victory of any company that is prohibited from implementing a contract with another oil company affiliated with the KPC.

The source added the oil sector has a tight contract mechanism that guarantees the implementation of projects as per schedule and the imposition of maximum penalties in the event of delay, noting the oil companies pay the contractors’ dues as per the completion rates and in installments to ensure the smooth progress of implementation.

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