{"id":72673,"date":"2023-08-09T00:00:00","date_gmt":"2023-08-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/09\/kuwait-oil-company-inked-a-kwd-12-3-bn-lease-agreement-for-marine-berths-storage-areas-with-kpa\/"},"modified":"2023-08-09T00:00:00","modified_gmt":"2023-08-09T00:00:00","slug":"kuwait-oil-company-inked-a-kwd-12-3-bn-lease-agreement-for-marine-berths-storage-areas-with-kpa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/09\/kuwait-oil-company-inked-a-kwd-12-3-bn-lease-agreement-for-marine-berths-storage-areas-with-kpa\/","title":{"rendered":"Kuwait Oil Company inked a KWD 12.3 bn lease agreement for marine berths + storage areas with KPA"},"content":{"rendered":"

The Kuwaiti Ports Authority inked a KWD 12.3 bn lease agreement <\/strong> with state-owned <\/strong>Kuwait Oil Company<\/a><\/strong> for two marine berths and storage areas <\/strong>in Shuaiba port,according to a statement<\/a>. The contract has a three-year lifespan, with the possibility of renewal. The company is set to lease marine berths 4 and 20 at Shuaiba port, as well as 20k meters of storage for an offshore drilling project. <\/p>\n

What offshore drilling project? <\/strong> The company will use the berths to cover logistics operations for the country\u2019s first offshore drilling facility, where the Kuwaiti Oil Company planned to drill 16 exploration wells in 2H 2022, Kuwait Times<\/a> reported earlier, citing Kuwait Oil Company\u2019s CEO Khaled Al Otaib. <\/p>\n","protected":false},"excerpt":{"rendered":"

The berths will be used for the logistics operations of Kuwait Oil Company\u2019s offshore drilling project<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[190],"tags":[79,17,160,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72673","post","type-post","status-publish","format-standard","hentry","category-shipping-maritime","tag-energy","tag-enterprise-logistics","tag-kuwait","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"9a5694d0-30b0-44c8-9a22-dc740883d448","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/409.jpg,https:\/\/www.kpa.gov.kw\/en\/shuaiba-port\/","photo_position":"above","homepage_title":"","full_issue_title":"Kuwait Oil Company inked a KWD 12.3 bn lease agreement for marine berths + storage areas with KPA","related_issue":[72663],"teaser":"The berths will be used for the logistics operations of Kuwait Oil Company\u2019s offshore drilling project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.61eaa5f4-2634-42b6-94b6-fb7974469859.mp3"},"yoast_head":"\nKuwait Oil Company inked a KWD 12.3 bn lease agreement for marine berths + storage areas with KPA - 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