The ramp-up of Kuwait’s massive 615,000 b/d Al Zour refinery is set to have a substantial impact on global markets for very low sulfur fuel oil (VLSFO). Salah Al-Awadhi, Senior Analyst at Kuwait Petroleum Corporation (KPC) told last week’s S&P Global Commodity Insights Fujcon conference in Fujairah that VLSFO exports from the refinery are set to average 7mn t/y – around 130,000 b/d – once it reaches full capacity.
Kuwait’s Al Zour Refinery To Flood Market For Low Sulfur Fuel Oil
Kuwait’s Al Zour refinery was designed to supply fuel oil to domestic power plants, but Kuwait is currently maxing exports to capitalize on price arbitrage. Current flows are mainly to Singapore, but Kuwaiti VLSFO could soon be heading west.
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