Gulf Oil and Gas accountACCOUNT

Revenues of KNPC''s Clean Fuel Project to Hit 11.5 pct

Source: KUNA 10/12/2013, Location: Middle East

An eco-frienldy mega project assumed by Kuwait National Petroleum Company is expected to achieve 11.5 percent in investment revenues, according to a KNPC official. In statements to KPC World Magazine, Clean Fuel Project Manager Abdallah Al-Ajmi said that the expected revenues could increase if the project bidders offered prices lower than those estimated.

He noted that the project comes in implementation of the Kuwait Petroleum Corporation's ambitious strategy of developing the oil refining industry in Kuwait to meet international environmental standards. The project also would create new job opportunities for nationals and would have a great impact on the environment in Kuwait and will help cut oil industry gas emissions, Al-Ajmi underlined.

KNPC has invited international engineering, procurement and construction (EPC) companies to bid for the tender for its multi-billion dollar clean fuel project at both the Mina Al-Ahmadi and Mina Abdullah refineries. KNPC's Clean Fuels Project is a major upgrade and expansion of Mina Al-Ahmadi and Mina Abdullah refineries to increase their combined output by 264,000 barrels per stream day to 800,000 barrels per stream day.

The objective is to increase conversion of fuel oil to higher value products in order to meet expected market demand and tighter specifications (one percent) for the sulfur content of transportation fuels.

Oil Treating & Refining News in Kuwait >>

Qatar >>  12/3/2018 - The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has today received a letter from the State of Qatar giving notice of its intentio...
Saudi Arabia >>  11/26/2018 - Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and internationa...

Saudi Arabia >>  11/26/2018 - Lamprell with its partners has been selected as a contractor on Saudi Aramco's Long Term Agreement for Offshore Facilities (LTA) programme. ...
United Arab Emirates >>  11/26/2018 - The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega project ...

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 |

Oil & Gas Projects in Kuwait >>

More News

Related Links

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