Kuwait considers another new refinery
12 December, 2017 | By WIL CRISP
International engineering consultancies are bidding for a 2030 oil and gas masterplan study in Kuwait, according to an industry source.
The winner of the contract will be responsible for looking at whether the country needs another new refinery.
The study will estimate future domestic hydrocarbons needs as well as how Kuwait might benefit from increasing exports of refined products.
The study will look at which projects can be implemented by 2030 and what the benefits will be.
“Kuwait is keen to launch a new oil refinery project,” says the source. “One of the aspects of this study will be looking at whether this will benefit the country and what kind of refinery will be needed.”
Kuwait already has three giant refinery schemes currently under execution.
Construction work is ongoing on a megaproject to build a $17bn refinery in the Al-Zour region, known as the New Refinery Project.
State-owned Kuwait Integrated Petroleum Industries Company (KIPIC) is the project owner and says the scheme is due to be completed before the end of 2019.
The main engineering, procurement and construction (EPC) deals for the New Refinery Project were awarded in mid-2015, and are all currently under execution.
Kuwait is also currently overhauling and expanding two other refineries as part of its $14bn Clean Fuels Project 2020.
A project consisting of two packages is currently under execution and includes expanding and upgrading the Mina Abdullah refinery.
Another project to expand and upgrade the Mina al-Ahmadi refinery consists of one package and is also under execution.
All three packages were awarded in February 2014 and are expected to be completed in mid-2018.
Oil producers continue to focus on developing projects to increase production capacity, while the gas sector is set to benefit from the move away from coal and oil
Global demand for ...
The timing of peak oil demand will be significant for oil producers in the Mena region as it will require stakeholders to transform their operations
The world currently consumes about 99 ...
Extension is a result of the Covid-19 pandemic
Kuwait has extended the bid deadlines for all oil, gas and chemical tenders that are issued through the Central Agency for Public Tenders ...
Ratings agency Moody’s says oil and gas discovery should attract foreign investment into the kingdom
The discovery of hydrocarbon deposits in Bahrain – if verified by an international oil consortium as ...
Prevailing energy analysis has focused heavily on US shale oil production and US oil storage, but perhaps at the cost of keeping an eye on the big picture
Since the start ...
Gulf states are planning to spend $320bn in the oil and gas sector, according to Suhail Mohamed al-Mazrouei, the UAE’s Minister of Energy & Industry and the current Opec Conference ...
The IMF predicts a strong rebound in global GDP growth in 2021, but the effects of the Covid-19 pandemic will torment the Middle East market for years to come
Click here ...
New downloadable report from MEED, in partnership with Mashreq, examines how the region’s oil producers are responding to changing energy demand.
The fundamentals of future energy demand look good for Middle East oil ...
The state energy giant and its downstream partners favour bolt-on refining and petrochemicals capacity
Saudi Aramco is executing major plans to expand its refining and petrochemicals production capacity primarily through expanding ...
Latest exclusive findings and analysis on the impact of Covid-19 on the Middle East and North Africa projects market
Click here to watch the latest update on the impact of Covid-19 and ...
Producers renew upstream investment
Energy industry prepares to tackle life after peak
Kuwait extends oil and gas tenders by three
Bahrain upstream discovery could boost credit ratings
The risk of US shale hype in global
Gulf states to spend $320bn in the oil
Covid-19 will shape future business in the region
The Future of Middle East Energy
Aramco charts a grounded downstream strategy
Mena projects and the impact of Covid-19
12 December, 2017 | .By WIL CRISP