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
New strategy has been deployed for the development of the Belbazem oil field
Abu Dhabi has started using a new strategy for dealing with contractors, as it looks to save money ...
READ MORE
Rising output from the mammoth Zohr gas field, coupled with ambitions to augment its reserves, have helped Cairo regain its gas exporter status after a five-year hiatus
Italian energy major Eni’s ...
READ MORE
The national oil companies are ramping up crude production as they push for increased market share
Oil prices have been on free fall since the collapse of the three-year-plus cooperation mechanism between ...
READ MORE
Saudi Aramco has signed eight agreements worth a total of $4.5bn with several oil and gas service companies for a number of major projects.
Three of the signed deals were with ...
READ MORE
Gulf states are planning to spend $320bn in the oil and gas sector, according to Suhail Mohamed al-Mazrouei, the UAE’s Minister of Energy & Industry and the current Opec Conference ...
READ MORE
Investments will be made on oil and gas exploration and production programmes
Saudi Aramco’s CEO says the state oil company is planning to invest $300bn over the next 10 years in ...
READ MORE
Increased spending is needed to avoid future oil shortages, say industry leaders in Abu Dhabi
There is a growing consensus among international oil companies and global energy analysts that peak demand ...
READ MORE
Having long been prevalent in the Middle East’s civil construction space, contractors from China are now looking to new sectors
In mid-July, the UAE hosted an official state visit by Chinese ...
READ MORE
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 ...
READ MORE
Abu Dhabi energy major aims to achieve its 2030 gas goal through large capex projects to raise production, as well as an exploration campaign to build the emirate’s gas reserves
Abu ...
READ MORE
Abu Dhabi looks to new contracting model for
Egypt upstream gas exploration gathers speed
Aramco and Adnoc dominate oil market
Saudi Aramco signs deals worth $4.5bn
Gulf states to spend $320bn in the oil
Saudi Aramco to invest $300bn in oil and
ENERGY CLUB 1: Investing in the future of
Chinese firms set to play a major role
Adnoc formally signs contract for world’s largest oil
Adnoc powers the UAE’s gas ambitions
12 December, 2017 | .By WIL CRISP
