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
Prevailing energy analysis has focused heavily on US shale oil production and US oil storage, but perhaps at the cost of keeping an eye on the big picture
Since the start ...
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
Minister says innovation is needed if the UAE wants to play a leading role in the global economy
The UAE will have to develop new and innovative infrastructure if it is ...
READ MORE
Understand the Covid-19 outbreak, its impact on the global and regional economy, and initial implications for specific sectors
Click here to download the full document
READ MORE
The tenders for The Tower and the shopping mall at Dubai Creek Harbour evoke memories of 2004, when contractors competed for the deals to build what would become Burj Khalifa ...
READ MORE
Shariah-compliant lending can help narrow the investment gap necessary to achieve the UN SDGs by 2030
The gathering of global leaders, policymakers and business entities at Cop27 in Sharm al-Shaikh saw ...
READ MORE
Middle East and North African banks face a difficult 2021 amid weaker profits and the pending end of liquidity stimulus measures
After an epoch-changing 2020, it may be rash to make ...
READ MORE
Imminent award of Mecca mobility strategy contract could be an important development for many stakeholders
The award of the Mecca mobility strategy contract, which includes the feasibility study for the first ...
READ MORE
Analysts differ in their opinions on whether the kingdom’s plan to privatise its rail network and use PPPs to build new lines will succeed
It takes about four hours and twenty ...
READ MORE
https://youtu.be/QIHZ9f2gECY
READ MORE
The risk of US shale hype in global
Gulf states to spend $320bn in the oil
UAE sets sights on future with innovative infrastructure
Coronavirus executive briefing from MEED
Tendering in 2017 reflects tightening margins for developers
Green avenues serve as viable prospects for Islamic
Mena lenders trudge into a tougher year
Mecca mobility strategy award could be game-changer
Saudi railway privatisation faces mounting challenges
12 December, 2017 | .By WIL CRISP
