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Released December 02, 2014 | JOHANNESBURG
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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Kuwait National Petroleum Company's (KNPC) Clean Fuels project will include the expansion and modernization of the Mina Al Ahmadi and Mina Abdullah refineries, with a focus on producing high-grade products, such as diesel fuel and kerosene, for export. This will be in addition to the construction of the Al Zour refinery. KNPC will invest a total of $40 billion in the projects.
View Project Report - 300128952 300093525 300123978 300033553 300108688 300033483 94100061 300089657 94100049 94100044 94100070
The Al Zour project is scheduled for completion in 2019; with a capacity of 615,000 barrels per day (BBL/d), it will be the largest refinery project in the Middle East. With Al Zour in view, plans are being developed to close and dismantle the country's 60-year-old, 200,000-BBL/d Shuaiba refinery.
View Project Report - 300170529
Currently, Kuwait has three refineries, with a combined capacity of 930,000 BBL/d. In the project plan, Al Ahmadi's capacity will drop from 466,000 BBL/d to 347,000 BBL/d, and Mina Abdullah's will rise from 270,000 BBL/d to 454,000 BBL/d. These projects are scheduled for completion between 2018 and 2022.
In February, contracts worth about $12 billion were awarded to international companies--including JGC Corporation (OTC:JGCCF) (Yokohama, Japan), Petrofac (LSE:PFC.L) (St. Helier, Channel Islands) and Fluor Corporation (NYSE:FLR) (Irving, Texas)--for construction work. KNPC's investment banking division is advising on financial options for the project.
For related information, see April 16, 2014, article - Mega-Tenders Due from Kuwait's $15 Billion Refinery, February 13, 2014, article - Samsung Engineering Wins $3.8 Billion EPC Contract for Kuwait's Clean Fuel Refinery and December 6, 2013, article - Kuwait National Petroleum Company Awards Honeywell Major Contract for Al Zour Refinery.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
View Project Report - 300128952 300093525 300123978 300033553 300108688 300033483 94100061 300089657 94100049 94100044 94100070
The Al Zour project is scheduled for completion in 2019; with a capacity of 615,000 barrels per day (BBL/d), it will be the largest refinery project in the Middle East. With Al Zour in view, plans are being developed to close and dismantle the country's 60-year-old, 200,000-BBL/d Shuaiba refinery.
View Project Report - 300170529
Currently, Kuwait has three refineries, with a combined capacity of 930,000 BBL/d. In the project plan, Al Ahmadi's capacity will drop from 466,000 BBL/d to 347,000 BBL/d, and Mina Abdullah's will rise from 270,000 BBL/d to 454,000 BBL/d. These projects are scheduled for completion between 2018 and 2022.
In February, contracts worth about $12 billion were awarded to international companies--including JGC Corporation (OTC:JGCCF) (Yokohama, Japan), Petrofac (LSE:PFC.L) (St. Helier, Channel Islands) and Fluor Corporation (NYSE:FLR) (Irving, Texas)--for construction work. KNPC's investment banking division is advising on financial options for the project.
For related information, see April 16, 2014, article - Mega-Tenders Due from Kuwait's $15 Billion Refinery, February 13, 2014, article - Samsung Engineering Wins $3.8 Billion EPC Contract for Kuwait's Clean Fuel Refinery and December 6, 2013, article - Kuwait National Petroleum Company Awards Honeywell Major Contract for Al Zour Refinery.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
