
Up to 20 percent of investments in KNPC's clean fuel project and a new refinery will be awarded to the Kuwaiti private sector, said KNPC's CEO Muhammad Al-Mutairi on Wednesday. Investment in both the fuel and refinery projects is estimated at USD 30 billion, he said, noting that tenders for the clean fuel project have been received and are currently being studied by KNPC officials. As for the new refinery, he said basic infrastructure for it has gotten off the ground and is expected for completion toward the end of 2017. He said that the company's fourth gas pipeline was almost ready for use, adding that ten new gas storage reservoirs are being constructed as are four new gas stations for the benefit of motorists. Al-Mutairi expressed pride that KNPC's Al-Shuaiba refinery was selected as the best-managed Kuwaiti enterprise for 2013 thus meriting an award by His Highness the Amir. The KNPC executive emphasized that the company paid serious attention to employing Kuwaiti citizens in its multitude of operations and for the third year in a row took first place in donating blood to the nation's blood drives and has collected up till now donations of KD 40,000 from its employees for the benefit of Syrian refugees.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor