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MinaAlAhmadi

KNPC awards $12bn in clean fuel upgrade deals

: Tuesday, February 11 - 2014 @ 07:10

Kuwait National Petroleum Co (KNPC) has awarded a $12bn contract to consortia from the UK, US and Japan to boost capacity at oil refineries and make production more environmentally friendly, AFP has reported. The Mina Abdullah I project was awarded to a consortium led by Britain’s Petrofac at $3.8bn, Mina Abdullah II to US Fluor-led consortium for $3.4bn, while Mina Al Ahmadi went to Japan’s JGC Corp-led consortium for $4.8bn, said KNPC. Work on the three-part project for KNPC to upgrade refineries while reducing sulphur and carbon pollutants is expected to start in April and be completed in five years, the company said.

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Tuesday, February 11- 2014 @ 7:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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