Kuwait Petroleum Corporation forms a working group to prepare a unified blacklist at the level of the oil sector.
18 June 2021, 12:00 AM
30 June 2021, 12:00 AM
Kuwait Petroleum Corporation (KPC) has formed a working group to prepare a unified blacklist at the level of the oil. This is expected to be implemented by all the oil companies affiliated to it after getting approval by the concerned authority, reports Al-Anba daily quoting responsible oil sources.
In order to facilitate the floating and qualification of tenders and projects, the KPC revealed the types and categories of works and materials will be unified in tenders and projects implemented by oil sector companies.
The sources stated preparing a unified black list of defaulting contractors in the oil sector would keep in check the failure of projects.
Each oil company has a ‘Questionable’ list in which contractors who fail to deliver on time or who breach their contractual obligations and they are included in the list in accordance with the policies and regulations of each contracting company.