Kuwait: KPC plans investments and projects worth KD20bn in the next five years |
|
Kuwait Petroleum Corporation (KPC)Kuwait Petroleum Corporation (KPC)
, Kuwait top state oil company, plans investments and projects worth KD20bn in the next five years, an official said. The investment figure is higher than an earlier estimate given by Kuwait's oil Minister Mohammad Al-Olaim, who said in June the OPEC producer would spend US$55bn on oil projects over the next five years. The amount included KD5bn designated for a planned upgrade of Kuwait's Mina Abdullah and Mina Al-Ahmadi refineries. State refiner Kuwait National Petroleum Company (KNPC), a unit of KPCKPC, said in July it planned a tender to boost capacity of the two refineries to 800,000 barrels per day from 600,000 bpd which might be worth as much as KD4bn. The projected KPCKPC budget through to 2013 also includes KD4bn to build the 615,000 bpd Al-Zour refinery.Kuwait Petroleum Corporation (KPC)Kuwait Petroleum Corporation (KPC)
has offered 50,000 tons of naphtha for early November lifting, only days after selling an early October cargo at a discount, its tender document showed. The full-range naphtha will load from Mina Al-Ahmadi on November 1-4. Bids were to be submitted by October 2, and valid until the next day. KPCKPC had recently sold 50,000 to 75,000 ton of naphtha for October 6-7 lifting at a discount of US$6.00 a ton to Middle East quotes.
© Arab Times 2008
Community Comments (0) - 
Comment on this article 
Comment on this article
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
Loading ...
Zawya Comment Policy:
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Community Buzz
Stories
Companies
Most viewed companies by Community in the last 24 hrs
| Company Name | Country | Industry |
| Nakheel | UAE | Landlords and Developers |
| Aabar Investments | UAE | Investment Companies - Oil and Gas |
| Abu Dhabi Investment Council | UAE | Investment Firms and Funds |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Barwa Real Estate Company | Qatar | Landlords and Developers |
| Dubai Islamic Bank | UAE | Banking |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Jebel Ali Free Zone | UAE | Properties and Zones |
| Al Hilal Bank | UAE | Banking |
Projects
Most viewed projects by Community in the last 24 hrs
| Project Name | Country | Sector |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| Qatar Foundation - Sidra Hospital | Qatar | Real Estate |
| IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) | UAE | Oil and Gas |
| Abu Dhabi Municipality - Salam Street and Mina Road Development | UAE | Infrastructure |
| KNPC - Al Zour Refinery | Kuwait | Oil and Gas |
| Qatalum Aluminum Smelter | Qatar | Industry |
| Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Nakheel - Dubai Waterfront | UAE | Real Estate |
| ADCO - SAS Field Development | UAE | Oil and Gas |
