As Iraq gradually ramps up its crude exports, and with the prospect of détente between the United States and Iran growing stronger – which could potentially lead to a relaxing of sanctions and a consequent ramp-up of Iranian crude exports – Kuwait has made clear it has no intention of surrendering its foothold in Asia anytime soon.

Construction recently began at the 200,000 b/d Nghi Son refinery and petrochemical project in Vietnam that is set to exclusively process 30.2° API Kuwait export crude upon completion at the end of 2016. (CONTINUED - 752 WORDS)