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|22 April, 2019

Kuwait's KNPC to implement three new projects in FY19

The first investment involves upgrading power plants at Mina Al Ahmadi Refinery

Image for illustrative purposes. Employess of Kuwait National Petroleum Co stand in front of Shuaiba Oil Refinery in Shuaiba November 4, 2006.

Image for illustrative purposes. Employess of Kuwait National Petroleum Co stand in front of Shuaiba Oil Refinery in Shuaiba November 4, 2006.

REUTERS/Stephanie McGehee

Kuwait National Petroleum Company (KNPC) will carry out three projects with a combined value of KWD 370 million during fiscal year 2019/2020, an informed source in the oil sector told Al-Anba newspaper.

The first investment involves upgrading power plants at Mina Al Ahmadi Refinery with a cost of KWD 70 million, the source added.

The second project comprises establishing a KWD 200 million crude oil unit at Mina Al Ahmadi Refinery.

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The third investment which worth KWD 100 million includes building a large gas pipeline for the liquid petroleum gas (LPG) filling factory in Umm Al Aish region.

These investments will contribute to boosting KNPC’s projects portfolio, the source said.

Source: Mubasher

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