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KNPC awards $12bn in contracts to upgrade refineries

: Tuesday, April 15 - 2014 @ 09:04

Kuwait National Petroleum Co (KNPC) has announced the signing of contracts worth $12bn with three international consortia to upgrade two refineries and invited bids to build a new multi-billion-dollar refinery, AFP has reported. The contracts were signed with the three consortia led by Britain’s Petrofac, US Fluor and Japan’s JGC Corp, chief of the state-owned company, Mohammed al-Mutairi, said, adding that the project is due to be completed in early 2018. The contracts will upgrade two of the three existing refineries by installing 37 advanced processing units that will reduce sulphur and carbon pollutants, Mutairi told reporters. The current production capacity of the two refineries of Mina Al-Ahmadi and Mina Abdullah is around 730,000 barrels per day, while the capacity of Kuwait’s third refinery at Shuaiba is 200,000 bpd.

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Tuesday, April 15- 2014 @ 9:04 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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