Kuwait – Mubasher: Combined Group Contracting said Sunday that its subsidiary Combined Energy General Trading and Contracting signed a contract worth KWD 22.4 million with Técnicas Reunidas, according to a bourse filing.
By this contract, the first phase of the Al Zour Refinery will be completed during 24 months, the filing revealed.
By the end of the project, the company is expected to achieve 3.3% and 4.72% profit margins respectively in the first and second year, said the company, emphasizing that these figures are estimated and changeable.
