KNPC clarifies timeline of new refinery

KUWAIT CITY, July 9, 2014 – Last Wednesday, CEO of the Kuwait National Petroleum Company Mohammed Ghazi Al Mutairi declared during the annual Ramadan meeting of the Kuwait Petroleum Corporation that the tendering for the new Al Zour refinery project would be concluded in October and that three winning coalitions shall be chosen in February 2015.

The new Al Zour refinery is one of Kuwait’s mega projects in the downstream sector, along with the Clean Fuels Project. The $15-billion new refinery will have a refined production capacity of 615,000 barrels per day and is part of the country’s strategic goal to reach a total refining capacity of 1.415 million barrels per day by 2018.

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