PHOTO
Multi-billion-dollar oil refinery projects over the past few years will boost Kuwait’s total refining production to nearly 1.6 million barrels per day (bpd) in 2025, a local oil official was quoted on Wednesday as saying.
The projects involved the expansion of the OPEC member’s two main refineries in Mina Al-Ahmadi and Mina Abdullah and the construction of the 615-bpd Al-Zour refinery in South Kuwait, one of the world’s largest oil refining units.
The expansion of those two refineries cost around 4.68 billion Kuwaiti dinars ($15.44 billion), of which Kuwait has so far spent nearly 4.51 billion dinars ($14.88 billion), said Yasmin Al-Mutawa, head of the projects control team in the Kuwait National Petroleum Company (KNPC), Kuwait’s downstream investment arm.
“The Clean Fuel Project (CFP) launched by Kuwait a few years ago will achieve its strategic target to reach a refining output capacity of 1.6 million bpd in 2025,” she said.
CFP, which was launched in 2014, is a major upgrade and expansion of the Mina Al-Ahmadi and Mina Abdullah Refineries to increase their combined throughput by 264,000 bpd to 800,000 bpd.
(Writing by Nadim Kawach; Editing by Anoop Menon)
© ZAWYA 2021
