ENERGY

Parsons, Kuwait Oil Sign $80-Million Contract: The Pasadena-based engineering firm and the Kuwait Oil Co., an arm of state-owned oil conglomerate Kuwait Petroleum Corp., reached the agreement over the weekend, a Kuwaiti oil official said. The project management role of assisting KOC in development and expansion of output capacity is central to Kuwait’s long-term plans to raise capacity to 3.5 million barrels per day by 2005 from about 2.5 million at the moment. The contract will run for five years from December. Parsons Engineering Corp. won out over Bechtel, ABB Lummus Global and Foster Wheeler Corp.