Annual Report 2012 - page 236

235
CHAPTER THREE
Arab And World Developments
2-5 Kuwait
The idea of building Al-Zour refinery is still under consideration
after being suspended in 2009. Moreover, there is a consensus to push
the clean fuel project that involves revamping of the existing other
three refineries at a cost of $15-17 billion. The revamping project
aims to boost the capability of the existing refineries to produce high
quality fuel, according to the international standards. The project
includes the following works:
Capacity expansion at Mina Abdulla Refinery from 270,000
b/d to 420,000 b/d, to cover the shortfall of the refining capacity
of Mina Al- Ahmadi refinery, which will result from shutting
down one of its 86,000 b/d distillation units.
Installing 156,000 b/d heavy atmospheric residue conversion
unit at Mina Al-Ahmadi refinery.
Installing a new 45,000 b/d hydrotreating unit at Mina Al-
Ahmadi refinery.
On the other hand, the state of Kuwait continues its efforts to
create investment opportunities in Asia in the field of downstream
industry, through Kuwait Petroleum International (KPI) owned by
Kuwait Petroleum Corporation (KPC).
Construction work started on the $9.3 billion joint venture refining
andpetrochemicals complexbyKuwait PetroleumCorporation (KPC)
and Chinese firm Sinopec. The complex will be built on Donghai
Island in the city of Zhanjiang in Guangdong province, China. The
project includes a 300,000 b/d oil refinery and a 1-million tons/year
ethylene cracker. The project will make Kuwait the second Arab oil
producer to have a notable refining presence in China, after Saudi
Arabia. The project is set to clear the way for Kuwait to achieve
1...,226,227,228,229,230,231,232,233,234,235 237,238,239,240,241,242,243,244,245,246,...383
Powered by FlippingBook