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.

Contractors submit bids for Dubai Expo pavilion

Local developer Emaar Properties has received bids from contractors for the deal to build the Mobility pavilion at the Dubai Expo site. Emaar is also tendering the contract to build the ...

Dubai retenders two road construction contracts

Contracts cover work on the Al-Ain Road and a bridge taking Al-Khail Road over a new canal The Roads & Transport Authority (RTA) has retendered two road construction contracts in Dubai. The ...

EXCLUSIVE: Firms prepare Dubai flying taxi bids

Selected consultant will undertake study and assist in launching tests and full operation of the service Consultancy firms are preparing to bid for the contract to undertake a feasibility study for ...

Covid-19 alters technology trends

Supply chain disruption will delay new 5G device launches The Covid-19 pandemic will shrink end-user demand for products powered by semiconductors, but will drive growing demand for biosensors, a new MEED report has found. Biosensors ...

Levelling the export credit playing field

GCC governments are now setting up their own export credit agencies Over the past decade, using export finance has become an increasingly popular tool for delivering projects in the Middle East. Despite ...

Clean energy to head agenda in 2020

Governments are forging ahead with renewable energy programmes, fuelled by the rapid fall in the cost of developing solar and wind power Despite a slowdown in the value of contract awards ...

Dubai awards $3.8bn concentrated solar project

Emirate’s 700MW CSP facility will be developed under world-record tariff Dubai Electricity & Water Authority (Dewa) has awarded a contract for a 700MW concentrated solar power (CSP) solar project in Dubai, ...

UAE moves to accelerate major infrastructure schemes

Project support is part of $4.4bn economic stimulus package approved by federal cabinet The UAE cabinet approved a AED16bn ($4.4bn) economic stimulus package on 22 March that includes measures to accelerate ...

UAE Central Bank will not interfere with construction sector bank guarantees

There has been a growing number of bond calls as market conditions for the construction sector deteriorate The UAE Central Bank says it will not interfere with the growing number of ...

Expo site preparations enter home stretch

With just over a year to go until Dubai Expo 2020 opens its doors to the world, the site is rapidly approaching its final form The build up at the Expo ...