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its China - bound crude oil exports target of 500,000 b/d. Kuwait’s
supplies to China stood at 198,000 b/d in 2010, up 39% from the
year before. The project is part of Kuwait’s policy to expand both its
refining and marketing outlets in high growth strategic markets such
as India, China and Vietnam.
The project of building a new refinery in Balongan, in west Java of
Indonesia, in cooperationwithPertamina company, is still under planning
phase. The expected capacity of the refinery is 200,000 – 300,000 b/d.
Kuwait Petroleum International (KPI) is looking for international
partner and the project is expected to be completed in 2015.
Construction works is still underway on the 200,000 b/d Nghi Son
refinery integrated with a petrochemical complex in the northern
province of Thanh Hoa, 180 km south of Hanoi, with a total cost
of $6 billion. The refinery, which will be the biggest in Vietnam, is
expected to operate in 2014 and will meet about 60% of the local
market demand for the petroleum products. The project is a joint
venture owned by Kuwait Petroleum International (KPI) and Japan’s
Idemitsu Company contributes 35.1% each; in addition to the state-
owned company PetroVietnam and Japan’s Mitsui Chemicals Inc.,
contributing 25.1% and 4.7% respectively.
2-6 Qatar
Qatar’s Laffan Refinery Company (joint venture owned by
State-owned Qatar Petroleum 51%, ExxonMobil 10%, Total 10%,
Idemitsu 10%, Cosmo Oil 10%, Mitsui 4.5% and Marubeni 4.5%) is
prequalifying contractors to build a $1 billion, 146,000 b/d condensate
splitter at Ras Laffan. Start-up of the lump sum turnkey project is
scheduled for 2016. Technip is doing the front-end engineering and
