Gulf Oil and Gas accountACCOUNT

Developing Refineries, Part of Kuwait Development Project

Source: KUNA 5/21/2012, Location: Middle East

Share |
Development of current refineries in Kuwait and establishing a new one are part of the Arab Gulf state's development scheme, and within efforts to offer environmentally friendly products, a Kuwaiti official said here.

Developing the current three refineries and the establishment of a new one "does not only aim at achieving profits and entering new markets, but offering environmentally friendly products and and safeguarding people's health as part of the company's social responsibility," Bakhit Al-Rashidi, Deputy Managing Director of Kuwait National Petroleum Company (KNPC).

He was speaking to KUNA on sidelines of his participation in Middle East Petrotech Conference 2012. Developing refineries of Kuwait and having them into a single refining complex coupled with the construction of a new refinery will create more than 800 jobs for Kuwaiti citizens, said Al-Rashidi.

State-owned KNPC's projects in the next five years amount to KD 40 billion, he said. KNPC plans to produce 800,000 barrels per day (bpd) of environmentally friendly fuel, he said. Al-Rashidi noted that the new refinery that should start operations by 2017 would produce 615,000 bpd. In the following year, he added, the refining complex would be operated to produce environmentally friendly fuel.

On Petrotech, Al-Rashidi said KPNC was a major partner in the conference which deals with refining and petrochemical issues. The conferees focus on the development economic, technical and labor matters in the oil sector, he said. "The untrained labor who can't handle modern technology might be a hurdle before development and unsuccessful project."

Oil Treating & Refining News in Kuwait >>

United States >>  2/6/2018 - ExxonMobil announced that a new 1.5 million ton-per-year ethane cracker at its Baytown, Texas complex is mechanically complete with commissioning prog...
India >>  1/31/2018 - Indian Oil Corp Ltd plans to increase the capacity of its Panipat refinery by two thirds to 500,000 barrels per day (bpd) at a cost of 231.16 billion ...

Iraq >>  1/30/2018 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil declared the beginning of the complete rehabilitation operations for the unit Salahuddeen/2- Baij...
Iraq >>  1/29/2018 - The ministry of oil declared for the awarding of the Faw project which contains a complex for petrochemicals to Power China & Nerco Chinese Companies....

Russia >>  1/29/2018 - Lifting and installation of oversized column equipment is now complete at the construction site for a new delayed coking unit (DCU) at the Gazprom Nef...
Russia >>  1/25/2018 - Vladimir Putin, President of the Russian Federation, and Rustam Minnikhanov, President of the Republic of Tatarstan, participated in a video conferenc...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Kuwait >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.