Gulf Oil and Gas accountACCOUNT

Kuwait's LNG Terminal Project Vital for Oil Sector

Source: KUNA 9/12/2017, Location: Middle East

Share |
Kuwait Integrated Petrochemical Industries Company (KIPIC) affirmed significance of the Liquefied Natural Gas Import Terminal Project for backing up the national oil sector. The LNG terminal output capacity is projected at some 3,000 billion thermal units (65,000 tons) per day.

The terminal at Al-Zor refinery will produce optimal type of natural gas and environmentally friendly fuel oil, said Mohammad Al-Gharabally, the head of the team tasked with performance at KIPIC. He was speaking at a seminar, organized by the company about the project.

KIPIC is currently conducting studies for a petrochemical complex, including the third olefins plant, the second aromatics plant and the petrochemicals' breaking unit. Moreover, it is seeking to design a petrochemical complex for producing other derivatives.

The Al-Zor LNG terminal is projected to have a refining capacity of 615,000 barrels per day, some 45 percent of the national refining capacity.

Main transactions for the project is made up of five packages at a total value of KD 4.87 billion (USD 15.9 billion), said Al-Gharabally, explaining that it will secure 225,000 barrels per day to cover needs of the country's power stations.

KIPIC, established in 2016, is a subsidiary company of Kuwait Petroleum Corporation (KPC). It was set up to follow up on establishing and operating the petrochemical refinery and import LNG import terminals in Al-Zor, a key venture in the national development strategy.

LNG Terminal News in Kuwait >>

Oman >>  9/13/2017 - The Asian market continued its upward trend in August, and was also affected by disruption of supply from the USGC, resulting in growth in all produc...
United Arab Emirates >>  9/11/2017 - Lamprell announces the appointment of John Malcolm in the role of Non­Executive Chairman for the Company with effect from 20 September 2017, followin...

Oman >>  9/10/2017 - Petroleum Development Oman (PDO) has agreed two deals worth US$253.1 million to Omanise the provision of vital equipment for the oil and gas industry....
Iraq >>  9/8/2017 - DNO ASA, the Norwegian oil and gas operator, announced an agreement with ExxonMobil to join the Baeshiqa license in the Kurdistan region of Iraq. ...

Saudi Arabia >>  9/5/2017 - In Saudi Arabia, the first six months of 2017 indicate a 3.0% y-o-y decline in oil requirements. The main factors behind this are the sluggish volumes...
Iraq >>  8/24/2017 - DNO ASA, the Norwegian oil and gas operator, has been assigned the 20 percent interest in the Tawke license held by the Kurdistan Regional Government ...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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.