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. (CONTINUED - 534 WORDS)