Work on Kuwait’s $27bn crude oil complex on track
01 April 2019
Kuwait Integrated Petroleum Industries Company (Kipic) said work is progressing well on the Al Zour Crude Oil Complex, being built at an investment of $27 billion, with nearly 80 per cent of the refinery project already completed.
The mega oil complex is divided into three projects, which include a refinery, liquefied natural gas (LNG) processing facilities and a petrochemicals complex, said Kipic, a subsidiary of Kuwait Petroleum Corporation (KPC).
Once operational, the $16-billion refinery will boast 615,000 barrels of crude per day, it stated.
More than 65 per cent of the LNG processing facilities within the complex has already been completed and once operational. The engineering, procurement, and construction of petrochemical portion is to be completed in July 2023.
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