Kuwait - Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a contract with the main contractor of the clean fuels project for Kuwait National Petroleum Company (KNPC) at a value of KWD 9.05 million ($29.93 million), according to a bourse filing.

The contract related to the electrical works and instruments of the clean fuels project in zone 2 of Al Ahmadi port will expire on 28 February 2018, the company added.

The expected operational revenues are to be stated in the financial statements of the fiscal year 2016/2017.