The Kuwait Petroleum Firm is at the center of strong competition from worldwide companies which are competing to acquire oil agreements to ensure access to oil by-products from the Al-Zour refinery, which is anticipated to enter solution in its 3 phases by May or June of this year, reports Al-Rai daily.
High-level oil resources told the daily that Kuwait is on the roadway to restoring its natural setting in the global markets in a higher method as well as with a tactical weight, as part of the tremendous efforts undertaken by the worldwide marketing field, the KPC, mentioning that KPC revealed throughout the annual reception of its clients in a “IE WEEK” in the British capital, London, throughout which it announced its preparation to disperse the output shares of Al-Zour refinery, amounting to 615 thousand barrels of oil daily, aside from intermediate items, after completing the internal needs. The resources mentioned that the international market wants the items of Al-Zour Refinery, particularly as it adapts European and worldwide criteria, noting that Kuwait will always remain a safe provider to global power markets. The Director of the KPC European Regional Office in London, Nagham Al-Omar, had made all setups for delegations as well as a function for Kuwait’s international customers during the yearly conference.
Joint venture
In a brand-new advancement, the completion price of the Duqm Refinery task in the Sultanate of Oman, which is a joint endeavor between Kuwait Petroleum International, possessed by KPC and Oman’s OQ, reached regarding 97 percent till completion of last January.
The resources stated that this achievement comes after all the support devices were put into operation and also the very first delivery of Kuwaiti crude oil with a load of 2 million barrels was received in the oil containers in the Ras Markaz location, to prepare for the beginning of the trial operation of the petroleum purification device in March, and also reaching the functional preparedness of all the major units.
The resources added that one of the most prominent challenges of the existing period is the secure operation of all project devices till getting to maximum capability and also business operation anticipated to take place at the end of this year. The resources specified that the refining ability of the refinery totals up to 230,000 barrels each day, as its style depends on the hydrogen breaking unit and the oil coke unit, and it can refining Kuwaiti petroleum by one hundred percent.
Last Updated: 03 March 2023
