L&T lands $992m Kuwait energy infrastructure development contracts

10/06/2026 05:40 AST

Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well providing key upgrades to its energy infrastructure.

This comes following the approval from Kuwait's Central Agency for Public Tenders (CAPT) for the contract award, reported local newspaper Al Rai.

Mina Al Ahmadi is the country's main port for the export of crude oil with operational oil export terminals at Mina Abdullah, Mina Shuaiba, and Mina Saud, according to market reports.

The KOC project covers the development of storage facilities for Kuwait Export Crude and Jurassic crude and enhancements to existing oil export infrastructure, it added.


Trade Arabia

Most Viewed Companies

Ticker Price Volume

Recent News

GCC to launch unified investor number in major market boost

10/06/2026

THE GCC Financial Markets Committee has officially announced the launch of the GCC Unified Investor Number (GCC-NIN) initiative, a major regional framework designed to boost connectivity and interope

GDN Online

How better governance could add $8-20bn to Kuwait's oil portfolio

10/06/2026

What if the largest source of additional value in Kuwait's oil sector does not lie in discovering a new field, increasing production capacity, or benefiting from higher oil prices, but rather in impr

Kuwait Times

Hub71 startups raise $2.7bn as Abu Dhabi bolsters tech hub status

10/06/2026

Abu Dhabi's ambition to become a global technology powerhouse gained further momentum as startups within the Hub71 ecosystem surpassed $2.7 billion (AED9.9 billion) in cumulative funding and generate

Trade Arabia

86% consumers in Oman use AI tools for shopping: Survey

10/06/2026

Consumers in Oman are increasingly embracing artificial intelligence (AI) as part of their shopping journeys. According to a survey conducted by Visa, a global leader in digital payments, 86% of cons

Muscat Daily

Oman's Madayn unveils 90-project infra drive, solar energy hub in Suhar

10/06/2026

Oman's Public Establishment for Industrial Estates (Madayn) has unveiled an ambitious programme to implement 90 infrastructure projects across its industrial cities over the next five years, while ad

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap