CGCC secures pipeline project in Neutral Zone

Combined Group Contracting Company (CGCC) has been awarded a contract for pipeline servicing in the oil-rich Neutral Zone that is shared by Saudi Arabia and Kuwait.

In a Kuwait bourse statement, CGCC said the project has a value of around USD 126 mln.

The project is owned by the Saudi Arabian Chevron Inc and the Kuwait Gulf Oil Company, which manage joint operations in the Zone.

It said the project would be completed within 4 years and 4 months.