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National Industries Extends Skouri Oil Tools Deal
National Industries Company announced the extension of two contracts with Kuwait Oil Company for a period of six months, with the total value of both contracts increasing by approximately 13 million Kuwaiti Dinars. The contracts pertain to drilling and engineering services related to deep and developmental well drilling. The value increases have been made so that the contracts now end in January 2027 instead of July 2026 and September 2026, respectively. The financial impact of the contract extensions and increased values is expected to be reflected in the financial statements of the subsidiary, which showed a profit of 859.84 thousand Dinars during the first half of 2026, down by 44.21% compared to the same period of the previous year.
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