Kuwait’s HEISCO signs KWD 2 mln deal with Saudi Arabian Chevron

20/05/2019 Argaam

 

Kuwait-based Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a KWD 1.97 million seven-month contract with Saudi Arabian Chevron Inc.

 

The contract is expected to generate operating profit, which will be recorded in the financial statements for the fiscal year 2019-2020, the company said in a bourse statement. 

 

The agreement is for the cleaning and inspection of 20-inch onshore pipelines and 36-inch pipelines.

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