Gulf Oil and Gas accountACCOUNT

CFP Crucial for Refining Industry in Kuwait

Source: KUNA 12/7/2014, Location: Middle East

Share |
The Clean Fuels Project is existential for the oil-refining industry in Kuwait as it will provide environment-friendly products on high demand worldwide, a senior official at the Kuwait National Petroleum Company (KNPC) has said.

The KFP is likely to make of Kuwait a rival of the world's leading companies in the field as well as effectively contributing to developing the national economy and providing new jobs for the youth, KNPC Deputy CEO for Support Services Khaled Al-Asousi told KUNA.

Kuwait is facing challenges trying to market oil products with their current specifications, he added. The KFP is a strategic KNPC project aiming at upgrading and expanding the company's existing two refineries at Mina Abdulla and Mina Al-Ahmadi, transforming them into an integrated merchant refining complex that meets the diversified requirements of the world oil market. Total refining capacity of the complex after the CFP is completed is expected to hit 800,000 barrels a day.

Referring to reports on potential risks of the KFP, Al-Asousi said they are inaccurate, noting that the study by the risk management and quantitative analysis advisor as a comprehensive one for all the existing and future projects, tackling all possible scenarios.

The study aims at identifying potential risks of the KFP, so as to guarantee safety of the staff and the people in the surrounding area when the project is carried out, which is a KNPC top priority, Al-Asousi said.

Oil Treating & Refining News in Kuwait >>

Iraq >>  2/20/2018 - Iraq has invited foreign companies and investors to bid for the construction and operation of a new 100,000 barrel per day (bpd) refinery near Mosul i...
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...

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

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.