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 $14bn Clean Fuels Project 2020.
A project consisting of two packages is currently under execution and includes expanding and upgrading the Mina Abdullah refinery.
Another project to expand and upgrade the Mina al-Ahmadi refinery consists of one package and is also under execution.
All three packages were awarded in February 2014 and are expected to be completed in mid-2018.
Six of eight tracked regional markets note downward movement amid tightened cash flow
Data shows value of projects planned or under way ($bn)
Six of eight markets tracked by the Gulf Projects ...
Adnoc Onshore is preparing to invite bids for two contracts aimed at developing its North East Bab site, according to industry sources.
The subsidiary of Abu Dhabi National Oil Company (Adnoc) ...
Natural gas production maintains steady incline
Middle East producers are boosting natural gas output to meet rising energy demand
About $33.5bn-worth of gas exploration and production projects are under execution across the ...
Downturn ultimately will make companies in the region stronger, says Al-Ghurair
The CEO of the UAE’s biggest private bank has warned businesses in the region that the current low oil prices ...
Recent discoveries will make the Abu Dhabi-led drive for gas self-sufficiency a shared endeavour with the emirates of Sharjah and Dubai
With natural gas now firmly established as the global power ...
So far this year, the UAE has awarded $2.3bn-worth of engineering, procurement and construction (EPC) contracts for hydrocarbons projects, according to regional projects tracker MEED Projects.
This is already marginally above ...
Abu Dhabi's recovery depends on oil prices, while Dubai needs a rebound in aviation and tourism
The UAE had 40,507 Covid-19 infections by 11 June, and although this number continues to ...
South Korean contractor to build underground storage facility in the emirate of Fujairah
Abu Dhabi National Oil Company (Adnoc) has formally signed a $1.21bn contract to South Korea’s SK Engineering and ...
Ultimate target is to reach refining capacity of 8-10 million barrels a day
State-energy giant Saudi Aramco plans to spend more than $100bn on new refining and chemicals projects over the ...
The state-backed Abu Dhabi Company for Onshore Petroleum Operations (Adco) is ready to sign the contract for the Bab Integrated Facilities Project Expansion, one of the largest planned oil and ...
Gulf Projects Index continues to decline
Adnoc prepares to invite bids for two field
BRIEFING PAPER: The Quest for Gas
EXCLUSIVE: Low oil prices are here to stay,
UAE’s gas discoveries bring self-sufficiency goal closer
UAE records pick-up in oil and gas contract
UAE positions economy for recovery
Adnoc formally signs contract for world’s largest oil
Aramco to spend $100bn on refining and chemicals
Adco ready to sign Bab expansion contract
12 December, 2017 | .By WIL CRISP