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May 25 2007

Kuwait National Petroleum Company expcets over 15 companies to bid for Al-Zour refinery

Kuwait National Petroleum Company (KNPC) said that it expects at least 15 companies to bid for the construction of its planned 615,000 barrels per day Al-Zour refinery. The new refinery would be the biggest in the Middle East, exceeding the capacity of Saudi Arabia's 550,000-barrels-per-day Ras Tanura complex. After cancelling a first tender competition for the plant in February after bids came in far above the budget, Oil Minister Sheikh Ali Al-Jarrah Al- Sabah said earlier in May that that budget would now be doubled to US$12bn.

© Arab Times 2007


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