Agility signs 5-year contract with Kuwaiti petroleum giant KNPC

KUWAITI logistics company Agility has signed a US$24.4 million, five-year contract with the Kuwait National Petroleum Company (KNPC), one of the leading oil companies in the Middle East.

It will provide ocean, air and road transport services to move KNPC procurements worldwide to 42 countries. Agility will supply KNPC's projects with spare parts, pipes and oversized parts that require special handling. It will also provide procurement and purchasing, origin logistics, customs clearance, freight forwarding and local transportation in Kuwait and the country of origin.

"The contract plays to many of our core strengths," said Agility chairman and managing director Tarek Sultan. "We are able to bring together our oil and gas expertise, heavy-lift capability and high-value services, and tailor them to our customer's needs."

KNPC chairman and managing director Fahed Al Ajmi said the fit is right because Agility is able to "match our scale, understand our needs and meet our demanding operational standards worldwide."