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Kuwait’s state petrochemicals firm PIC this week awarded a $34mn front end engineering design (FEED) contract for the Third Olefins and Second Aromatics projects in Kuwait to UK’s Amec Foster Wheeler.
The plants will be built at Al-Zour in the Kuwaiti part of the Partitioned Neutral Zone between Kuwait and Saudi Arabia to be integrated with a refinery that is being built by state refiner KNPC. Start-up of the olefins and aromatics projects is scheduled for 2022.
PIC has been planning to expand its domestic petrochemicals capacity for many years, but all Kuwait’s downstream plans have faced an approval process slowed by friction between the government and parliament. The two projects were finally okayed by parliament in February 2015, as part of a KD34.2bn ($112bn) national investment plan for the period 2015-19. The plan, since expanded to $115bn for 2017-21, included the new refinery at Al-Zour and a clean fuels project at two of Kuwait’s existing refineries (MEES, 20 February 2015). (CONTINUED - 844 WORDS)
DATA INSIDE THIS ARTICLE
|table||Kuwait Petrochemicals Operations ('000 T/Y)|