Kuwait considers another new refinery
12 December, 2017 | By WIL CRISP
International engineering consultancies are bidding for a 2030 oil and gas masterplan study in Kuwait, according to an industry source.
The winner of the contract will be responsible for looking at whether the country needs another new refinery.
The study will estimate future domestic hydrocarbons needs as well as how Kuwait might benefit from increasing exports of refined products.
The study will look at which projects can be implemented by 2030 and what the benefits will be.
“Kuwait is keen to launch a new oil refinery project,” says the source. “One of the aspects of this study will be looking at whether this will benefit the country and what kind of refinery will be needed.”
Kuwait already has three giant refinery schemes currently under execution.
Construction work is ongoing on a megaproject to build a $17bn refinery in the Al-Zour region, known as the New Refinery Project.
State-owned Kuwait Integrated Petroleum Industries Company (KIPIC) is the project owner and says the scheme is due to be completed before the end of 2019.
The main engineering, procurement and construction (EPC) deals for the New Refinery Project were awarded in mid-2015, and are all currently under execution.
Kuwait is also currently overhauling and expanding two other refineries as part of its $14bn Clean Fuels Project 2020.
A project consisting of two packages is currently under execution and includes expanding and upgrading the Mina Abdullah refinery.
Another project to expand and upgrade the Mina al-Ahmadi refinery consists of one package and is also under execution.
All three packages were awarded in February 2014 and are expected to be completed in mid-2018.
Related Posts
The second UAE Technology Think Tank gathered insights from industry experts on actions to accelerate digital transformation in the UAE
Download your copy of the white paper here
A data industry think ...
READ MORE
Structural trends accelerated by the Covid-19 pandemic are prompting a shift in the way healthcare services are planned and delivered in the GCC region
Webinar available on-demand here
The Covid-19 pandemic has ...
READ MORE
Partnership will continue to combine MEED’s market expertise with Mashreq’s ongoing focus on industry specialisation and client needs
MEED and Mashreq have announced the extension of their unique construction partnership to ...
READ MORE
S&P Global Ratings says GCC states have sufficient access to foreign currency assets or external financial support
S&P Global Ratings (S&P) has said that the GCC’s pegged exchange rate regimes will ...
READ MORE
Historical indecision does not automatically inspire optimism among rail contractors
The plan to build, finance and maintain two urban monorail systems and a high-speed railway network in Egypt has moved rapidly between January, when consultants ...
READ MORE
Etihad Rail received prequalification applications from potential bidders for design and build contracts on stage 2
The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for ...
READ MORE
Egypt is one of the most populous countries in the GCCE, with a growing economy.
Combined with factors such as increasing life expectancy, growing prevalence of non-communicable diseases (NCD) and a ...
READ MORE
While the focus is on key infrastructure for the event, the 170-plus international participants present both opportunities and challenges
Visitors to the UAE would be hard pressed to find anyone who ...
READ MORE
Upcoming contracts include work at the airport, infrastructure and building hotels across the 28,000 square-kilometre development
The Red Sea Development Company (TRSDC) is preparing to award close to SR12bn ($3.2bn) of ...
READ MORE
Governments across the region are moving ahead with projects that will improve the living standards of their local populations
Social infrastructure projects will be an important source of work for contractors ...
READ MORE
Building a secure and agile data economy in
GCC healthcare braces for transformation
MEED and Mashreq renew construction partnership
GCC’s pegged exchange rates to remain
Egypt rail projects require sustained political will
Abu Dhabi signs financing deal for Etihad Rail
Healthcare market assessment of Egypt
Dubai’s Expo 2020 pavilions offer opportunities for contractors
The Red Sea Development Company prepares to award
Social infrastructure to remain a priority in 2021
12 December, 2017 | .By WIL CRISP
