Kuwait to build new oil refinery with low sulphuric fuel

Source: www.gulfoilandgas.com 6/27/2005, Location: Middle East

The Kuwait National Petroleum Company (KNPC) announced on Sunday it would build a new oil refinery with low sulphuric fuel for water and power generating stations, Kuwait News Agency reported. The company will use world magazines, local and official press to advertise for qualification of international corporations for the construction, Ahmed al Jemaz, director of KNPC's new refinery project, was quoted as saying.

According to the report, the new oil refinery, with capacities of 630,000 barrels per day (bpd) is fourth crude refinery and a big strategic venture in Kuwait.

The project is expected to be completed by the year 2010. One of the three old refineries, 195,000-bpd-capacity Al-Shuaiba refinery, will be shut down when the new one is available.

KNPC director noted that the company would announce its qualification process and how to apply through international magazines concerned with the oil and gas sector as well as the local press and official gazette.

A committee has been already set up to look into applications expected to be submitted by the potential bidders, he added.


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