Kuwait has signed a six-year, $106 million contract with Greek gas grid operator DESFA for the group to operate a liquefied natural gas import terminal in the Gulf emirate, the state-run news agency KUNA reported on Thursday.
The LNG terminal, in the al-Zour area, will go into operation next year, the agency said, citing an official from state-owned Kuwait Integrated Petroleum Industries Company, which signed the deal.
Mahmoud Abul, KIPIC's deputy CEO for financial and administrative affairs, indicated that the recently signed deal included a clause that stipulated training of Kuwaiti workers and reaching 60 percent of operational work force in the future.
Al-Zour refinery project is part of the new Kuwait vision 2035 and falls within the strategy of the Kuwait Petroleum Corporation (KPC) to develop the industry in Kuwait.
Deputy CEO of al-Zour refinery Hatem Al-Awadhi commended the deal on Thursday, revealing that it will achieve the highest levels of operational security for the facility.
He expressed confidence that KIPIC will build strong relations with DESFA to create a solid and beneficial partnership.
