Kuwait to Complete New Refinery in 2016

Source: bloomberg 4/5/2011, Location: Middle East

Kuwait aims to complete a new refinery in 2016 if the country’s Supreme Petroleum Council approves the project this year, the managing director for planning at Kuwait Petroleum Corp. said.

Kuwait will continue importing liquefied natural gas until the new refinery comes on line, Hashim el-Refaai said today at a conference in Kuwait City. KPC expects to invest $90 billion over five years on refineries, ships and drilling programs, he said.


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