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.

Adnoc and Total sign decarbonisation agreement

The two energy majors will jointly explore opportunities to reduce CO2 emissions, improve energy efficiency, and use renewable energy for oil and gas operations Abu Dhabi National Oil Company (Adnoc) has ...

Saudi Arabia moves on utilities reform

Progress is being made with long-awaited plans to privatise power and water assets in the kingdom The request for proposals from consultants for the privatisation of the world’s largest desalination plant ...

ADQ takes control of Emirates Nuclear Energy Company

Abu Dhabi government holding company has been rapidly expanding its portfolio Abu Dhabi Executive Council has issued a decree transferring the full ownership of Emirates Nuclear Energy Corporation (Enec) from the Abu Dhabi ...

Abu Dhabi turns its attention to efficiency

As Abu Dhabi’s groundbreaking $1.6bn Strategic Tunnel Enhancement Programme (STEP) nears completion, the emirate’s wastewater company is now turning its focus to improving and rehabilitating existing infrastructure. “We have spent the ...

Abu Dhabi’s ambition to create the downstream Silicon Valley

Adnoc intends to transform itself into a global downstream major by investing $45bn to create an integrated refining and petrochemical complex in Ruwais An astounding investment of $45bn has been announced by ...

UAE and Bahrain eye $550m Israel opportunity

Normalisation of relations with Israel through the Abraham Accords offers UAE and Bahrain the chance to boost their economies in key sectors When UAE Minister of Foreign Affairs & International Co-operation ...

Rethinking PPP in power and water

Procurement in the GCC’s utility sector needs to move away from the current lowest cost bid mentality and towards better system efficiency and demand management Ask most utility planners what the ...

Infrastructure investments to retain appeal

Acwa Power CEO says there will be enough capital for power and water projects beyond the Covid-19 crisis Infrastructure projects will remain attractive for many investors after the Covid-19 pandemic, according to ...

MARKET TALK: Collaboration key to future of banking

Digital technology is transforming the banking industry. But it is being driven by the customer not the technology, says Mashreq Bank’s Subroto Som Q: How significant is the digital transformation taking ...

Oman opens bids for Duqm sewage treatment plant

Project is part of programme to develop economic zone at Duqm Special Economic Zone Authority for Duqm (Sezad) has opened commercial bids for the planned sewage treatment plant (STP) at the ...