Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Kuwait is eying funding for ambitious refinery expansion plans. But the key 615,000 b/d Al Zour plant has been hit by Neutral Zone dispute.
Kuwaiti state refiner KNPC is seeking fresh ideas on how to fund two megaprojects: a $15bn clean fuels project (CFP) at its existing Mina ‘Abd Allah and Mina al-Ahmadi refineries; and a $16bn new 615,000 b/d plant at al-Zour. For the CFP it is picking the brains of bankers, while for al-Zour it is considering asking the government for more funding after bids came in over the company’s budget.
KNPC last year awarded three engineering, procurement and construction (EPC) contracts worth a combined $12bn for projects to upgrade the existing 270,000 b/d Mina ‘Abd Allah and 466,000 b/d Mina al-Ahmadi refineries, while expanding the former and reducing the latter to give a combined crude distillation capacity of 800,000 b/d (MEES, 14 February 2014). (CONTINUED - 534 WORDS)
DATA INSIDE THIS ARTICLE
|table||Kuwait Refining Capacity (‘000 B/D)|