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Scorpio Group Wins Oil Tanker Deal in Kuwait

The Monaco-based Scorpio Group has won a contract to sell five used oil tankers to Kuwait.

The buyer, Kuwait Oil Tanker Company (KOTC), a state-owned enterprise, must obtain prior approval from the Kuwait Petroleum Corporation (KPC), which oversees the nation's hydrocarbon sector.

The acquisition supports Kuwait's broader strategy to expand its petroleum products exports.

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