Kuwait – Mubasher: Combined Group Contracting Company has signed a contract of Lower Fars Heavy Oil project phase I, according to a bourse statement issued on Sunday.
The contract is worth KWD 12.75 million ($42.11 million), the statement said.
The deal has duration period of 23 months as a subcontract for Petrofac, a provider of oilfield services to the international oil and gas industry.
On the stock level, Combined Group ended Sunday’s session up 1.61% to 630 fils at a value of about KWD 40,830 after nearly 66,700 shares were traded.
