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
There has been a steady decline in the value of work being bid for and awarded to South Korean industry majors
The past decade has witnessed a significant shift in the ...
READ MORE
High levels of contract awards over the past few years have allowed Egypt to regain its mantle as a construction market of regional importance, but there are fears the spending ...
READ MORE
The largest contracts awarded in the GCC during the first half of 2018 have been in Saudi Arabia
The total value of contract awards in the construction and transport sectors increased ...
READ MORE
Digital transformation is happening everywhere and is being driven by many factors, including changing economic necessities, societal shifts, and new technologies.
UAE construction is waking up to the benefits of digital ...
READ MORE
Emirate is expected to move ahead with a 1.5GW photovoltaic (PV) solar plant for its next major renewable energy project
The Abu Dhabi Department of Energy (DOE) is currently working on ...
READ MORE
Firms are viewing the hydrocarbons-rich Caspian region as an emerging market with potential
There is no doubt the past few months have been tough for regional engineering, procurement and construction (EPC) ...
READ MORE
First project will involve the construction of two reactors with a capacity of about 2.8GW
The Saudi government has approved the nuclear programme proposed by the King Abdullah City for Atomic ...
READ MORE
Extension is a result of the Covid-19 pandemic
Kuwait has extended the bid deadlines for all oil, gas and chemical tenders that are issued through the Central Agency for Public Tenders ...
READ MORE
Fnancial support, project investment and tourism are key factors for Egypt's recovery from the Covid-19 pandemic
Given it is the most populous Arab country, with 42,980 confirmed Covid-19 cases and 1,484 ...
READ MORE
Persisting weakness in the non-oil sectors makes the case for further stimulus efforts in the near term
The latest economic and fiscal data from the UAE caters to those inclined towards ...
READ MORE
Chinese power contractors seize the initiative
Capital expenditure boosts Egypt’s construction sector
GCC construction contract awards rebound in 2018
EXCLUSIVE: Abu Dhabi securing site for next major
Contractors look to the East for new opportunities
Saudi government approves nuclear power programme
Kuwait extends oil and gas tenders by three
Egypt growth to continue with support
UAE economy looks to recapture its appeal
12 December, 2017 | .By WIL CRISP
