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Hyundai Low Bidder On Kuwait Oil Pier Project

Maritime Activity Reports, Inc.

May 24, 2000

South Korean Hyundai presented the lowest bid of $326.5 million in a tender for a new oil export pier in Kuwait. The Kuwait National Petroleum Co (KNPC) tender is for engineering, procurement and construction of a new oil pier and associated topside facilities at Mina al-Ahmadi refinery.

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