AFP reported that Kuwait plans again to put out to tender a USD 15 billion refinery project that was scrapped seven months ago due to a dispute between MPs and the government.

Mr Sheikh Ahmad Fahad al Sabah deputy PM for Economic Affairs said that "The government program will include re tendering the 4th refinery project. The previous dispute was not over the project itself but rather on the mechanisms of carrying it out.”

He said that "If we re tender the project within the constitutional, legal, monitoring and legislative frameworks, many of the misgivings will be resolved."

The Kuwaiti government scrapped the 615,000 barrels per day project in March, months after awarding contracts to four South Korean companies a Japanese firm and US giant Fluor.

MPs have opposed the project citing flawed procedures in awarding the contracts because it did not go through the state-run Central Tenders Committee to ensure transparency.

(Sourced from AFP)