Napesco receives KWD 1.8m order from KOC

Mubasher: National Petroleum Services (Napesco) announced receiving a change order from Kuwait Oil Co (KOC) to extend a contract.

The change order will add KWD 1.8 million to the original contract’s value which will total KWD 20.18 million, according to a bourse statement on Monday.

The contract’s duration will be for two months effective from 1 February 2019.

Napesco clarified that this order will not impact the financial profile of the company.

At the stock level, Napesco closed Monday’s session 9.9% higher at 970 fils. 

Mubasher Contribution Time: 04-Feb-2019 11:38 (GMT)
Mubasher Last Update Time: 04-Feb-2019 12:32 (GMT)