General – Petrofac
The UK-headquartered engineering company Petrofac has been temporarily banned from participation in tenders in Kuwait’s oil and gas sector.
The decision was made earlier this month by Kuwait Petroleum Corporation (KPC), the country’s national oil company.
In Kuwait, when a company is temporarily banned from participating in tenders, it is described as being ‘Q-listed’.
The decision to suspend Petrofac from tender participation came after the company announced that it had applied to appoint administrators, a move that potentially put thousands of jobs at risk and increased uncertainty for projects worth billions of dollars in the Middle East and North Africa (Mena) region.
If Petrofac becomes more stable and demonstrates clearly that it can still reliably execute projects in the Middle East, it is highly likely that KPC will end the suspension and allow it to participate in new tenders.”
