India, July 29 -- Larsen & Toubro (L&T) has secured a major engineering, procurement and construction (EPC) contract from Kuwait Oil Company (KOC) for the development of Jurassic Light Oil (JLO) export facilities and the upgrade of Kuwait's existing crude oil export network.
The project includes the construction of six new crude oil storage tanks, each with an operating capacity of 618,000 barrels, along with associated facilities on a lump-sum turnkey basis. The scope also covers the installation of new pipelines and the modernization of the existing crude loading and export infrastructure to support higher production and improve Kuwait's crude handling capabilities.
L&T said the order reinforces its strong position in the global oil and...