Kuwait Petroleum International (KPI) holds equity in two planned overseas refineries in Vietnam and Oman that could eventually take more than 600,000 b/d of Kuwaiti crude oil. This is equivalent to nearly a third of Kuwait’s current exports, which averaged 2.13mn b/d in 2016.
KPI CEO Bakhit al-Rashidi said on the sidelines of the Middle East Petroleum and Gas Conference (MPGC) in Dubai on 1 May that further investments are being considered. Several opportunities exist in Asia he says, including in India and the region’s number one importer, China. (CONTINUED - 954 WORDS)