Monday, June 24, 2024
Today's News
Monday, June 24, 2024
Today's News

KPC looks at fierce competition from int’l companies to obtain Kuwait oil contracts

KPC looks at fierce competition from int’l companies to obtain Kuwait oil contracts

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

INTERVIEW

Celebrities
In case you missed it

Top picks from The Times, recommended for you

Culture & Life Style
Teenage NYC boy beaten unconscious by group who stole his Air Jordan sneakers
13 Jan 2023
Teenage NYC boy beaten unconscious by group who stole his Air Jordan sneakers
Air Jordans are highly desired tennis shoes A 16-year-old child is recouping after being beaten subconsciously on a Manhattan road by a group that stole his Air Jordan tennis shoes.…
READ MORE
Miss Universe Bahrain Evlin Khalifa wears abayas as beauty pageant begins
Miss Universe Bahrain Evlin Khalifa wears abayas as beauty pageant begins
Evlin Khalifa has said she is devoted to clothing modestly…
READ MORE
The best way to comfort someone when they’re sad
The best way to comfort someone when they’re sad
A limited yet growing body of study recommends that a…
READ MORE
UAE: Hospital announces free support for cancer patients
UAE: Hospital announces free support for cancer patients
Cleveland Center's Angel Program to be initially turned out for…
READ MORE
The biggest movies coming your way in 2023
The biggest movies coming your way in 2023
‘Guardians of the Galaxy Vol 3’  The pop-culture behemoth that…
READ MORE
The Worlds Times Cooking Recipes, advice and inspiration for any occasion.
Entertainment
Christina Karam hits winning note with songs for Egypt
Christina Karam hits winning note with songs for Egypt
Increasing celebrity uses music to advertise country's appeal in 'Egypt Deserves' project A rising star…
Miss World: A brief history, including controversies, criteria and famous winners
Miss World: A brief history, including controversies, criteria and famous winners
The contest, established in 1951, is the longest-running worldwide charm contest Model from around the…
Rihanna dons custom Alaia coat for Super Bowl performance, reveals pregnancy
Rihanna dons custom Alaia coat for Super Bowl performance, reveals pregnancy
Pop as well as R&B super star Rihanna made a grand go back to the…
Georgina Rodriguez is the new face of Italian luxury label Elisabetta Franchi
Georgina Rodriguez is the new face of Italian luxury label Elisabetta Franchi
DUBAI: Argentine version Georgina Rodriguez, who now stays in Saudi Arabia, is the new worldwide…
‘Paper Planes’ rapper M.I.A. joins Wireless Abu Dhabi line-up
‘Paper Planes’ rapper M.I.A. joins Wireless Abu Dhabi line-up
British rap artist M.I.A. is the most recent enhancement to the line-up set to descend…
1309 Studios founder Ghada Al-Subaey talks Arab representation, dressing Georgina Rodriguez
1309 Studios founder Ghada Al-Subaey talks Arab representation, dressing Georgina Rodriguez
Qatar-based ready-to-wear label 1309 Studios, started by business owner Ghada Al-Subaey, has actually been garnering…
‘More like Annabel’s’: London law firm seeks to redress dress code
‘More like Annabel’s’: London law firm seeks to redress dress code
Vardags recommends personnel to be 'wildly magnificent as well as express yourselves fully' with their…
Miss Universe Bahrain stands out in burkini for swimsuit round
Miss Universe Bahrain stands out in burkini for swimsuit round
The preliminary competition will identify which entrants make it to the semi-finals Miss Bahrain Evlin…
In need of spotlight, Hollywood welcomes back tarnished Golden Globes
In need of spotlight, Hollywood welcomes back tarnished Golden Globes
Standup comic Jerrod Carmichael hosted the 80th Worlds ceremony, discarding the normal monologue (zingers regarding…
Golden Globe Awards 2023: Check Full List of Winners
Golden Globe Awards 2023: Check Full List of Winners
Golden World Honors 2023 Full Checklist of Winner: The 80th Golden Globe Honors event has…
Country
Mauritania
Mauritania News
UAE
UAE News
Egypt
Egypt News
Oman
Oman News
South Arabia
South Arabia News
Jordan
Jordan News
Qatar
Qatar News
Kuwait
Kuwait News
Bahrain
Bahrain News
Iran
Iran News