Mubasher: Kuwait Oil Company (KOC) announced that it has inked an agreement with Larsen & Toubro Limited (L&T), one of the largest Indian multi-national firms headquartered in Mumbai, to extend new crude pipelines from the North of Kuwait to Burgan.
The agreement’s total cost amounted to KWD 80 million ($264.2 million), and the project will be executed within two years.
The pipeline from the North of Kuwait to Burgan is called “Transit Line” or (TL5) will transfer crude oil from northern Kuwait to Al Ahmad port, sources told Al Seyassah newspaper.
TL5 comes in line with the company’s 2030 strategy of increasing the output of both crude oil and gas.
