25 May 2007
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.
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
