KBC Advanced Technologies Plc. (KBC.L), a consultancy and software provider to the hydrocarbon industry, announced Friday the award of a three-year, $8.5 million consulting contract from a major Middle Eastern client.
Under the deal, KBC would assist the client with margin improvement and workforce capability development across three refineries. The award, which was subject to competitive bidding, includes provision for a further $2.4 million of optional services.
KBC had conducted profit improvement programmes for this client in the late 1990’s. The company said the latest award is in addition to its current consulting engagement in the country, which is to assess the feasibility of investing in a new petrochemical complex.
Kevin Smith, KBC’s Chief Commercial Officer, said, “Despite the current uncertainty in the oil markets, many of our clients continue to invest in the downstream oil sector and we look forward to helping them extract the best value from their downstream operations.”
by RTT Staff Writer
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