KPC Review

Besides setting up the new multi-billion-dollar Al Zour refinery, which will be one of the largest oil refining plants worldwide, Kuwait also plans to award a $4.3 billion contract later this year for the first phase of a project to produce heavy oil at its northern Raqta field KUWAIT, the world’s fourth largest oil producer with a current oil output capacity at 3.25 million barrels per day (mbpd) plans to invest $100 billion to expand its production capacity to 4 mbpd by 2020 and building floating LNG storage and regasification terminals off its Mina Al Ahmadi oil port.As...






Kufpec is focused on using Kuwait’s oil wealth to diversify into energy projects abroad. Wheatstone, a huge Australian LNG project, is about 25 per cent complete ROYAL Dutch Shell has agreed to sell stakes in a gas project in Western Australia for $1.14 billion to a Kuwaiti firm as part of the oil company’s drive to improve return on investment. Shell is selling an 8 per cent stake in the Wheatstone and nearby Iago gas fields and a 6.4 per cent stake in the...






Kuwait intends to hike LNG imports to meet growing domestic demand. It began importing LNG in 2009 and now brings in around 500 mmcfd during peak months THE new executives brought in to manage Kuwait’s oil and gas sector over the past five months have devoted most of their attention to getting delayed oil projects off the ground. Less time has been spent on stalled gas developments, even though these could prove the biggest headache for state-owned...






JX is keen on promoting future joint projects with Kuwait in Australia and elsewhere JAPAN’S biggest refiner seeks continuous and stable flow of energy from Kuwait and greater cooperation with its oil companies, including naphtha trading, a top company official says. “Kuwait has long been a reliable petroleum supplier to Japan. I hope the country will maintain the contribution to...






With operations in 14 countries including Germany, Britain, Norway and Egypt, DEA employs nearly 1,400 staff and accounts for 11 per cent of RWE’s operating profit US PRIVATE equity firm KKR has teamed up with the international arm of Kuwait Petroleum Corp to jointly bid for German utility RWE’s oil and gas unit DEA, four banking sources familiar with the matter says.RWE, suffering from loss-making power plants, a boom in renewable power and 35 billion euros...






Demand is rising fast for power and water, with consumption expected to nearly double by 2020. To meet the growing needs of its population, the Opec member is moving towards a public-private partnership model for its utilities sector DEMAND is rising fast for power and water in Kuwait, pushing the country towards an ambitious public-private partnership strategy to increase capacity.The battle to keep the lights on – and the air conditioners running – is no easy task in Kuwait.The gap between installed power and water generating...






The CFP objectives include meeting year 2020 market demand and specifications for low-sulphur transport fuels and concentrating refining capacities at Mina Abdullah KUWAIT National Petroleum Co (KNPC) is investing $35 billion in projects to modernise the country’s Mina Abdullah and Mina Al Ahmadi refineries, as well as to construct the region’s largest refinery, the Al Zour plant. The Clean Fuels Project (CFP) and the New Refinery Project (NRP) are ambitious...






The potential and highly profitable investment sectors offered by Pakistan to Kuwait include oil and gas, mining, trading and energy KUWAIT is planning to undertake large investments in a variety of projects in Pakistan, as well as boosting bilateral mutual trade with it, and in the entire region, benefiting from the central position of the two countries located at the crossroad of Europe and Asia.These plans were announced...






Most of KPC’s jet volume is sold on a delivered basis in Europe, with KPC using its own fleet of medium-range tankers to extract maximum value and keep the arbitrage KUWAIT is still firmly at the top of Europe’s league table of overseas jet fuel suppliers after a targeted sales campaign by state-owned Kuwait Petroleum Corp (KPC). Latest data from the International Energy Agency (IEA) to end-September show Kuwait sending almost 2.8 million metric tonnes (80,100...






Construction of the refinery in Vietnam will be completed in Q4 2016, and operation is expected to start in mid-2017 with a refining capacity of 200,000 bpd STATE-RUN Kuwait Petroleum International (KPI) and its joint venture partners have held a groundbreaking ceremony for a $9 billion refinery and petrochemical complex in northern Vietnam. The ceremony took place at the construction site in the Nghi Son Economic Zone, about 180 kilometres south of the...






The new HPX2800 and HPX1500, have been specifically designed for high pressure applications such as oil injection and bushing removal HI-FORCE has recently added a new range of manually operated ultra-high pressure pumps to its existing and vast range of electric, air, petrol engine driven and split flow electric pumps. The new HPX2800 and HPX1500, have been specifically designed for high pressure applications such as oil...






The new company is an integral part of a long-term strategic plan ADIB Al Zamil & Khalid Al Fozan Co (Dar Consulting Engineers) have announced the launch of a new company called Dar Petro at the company’s recently held annual gathering, which was attended by Eng Adib Al Zamil, Eng Abdullatif Mujahid, senior and technical staff and a number of its clients.The...






The company’s broad product portfolio provides it ample opportunities to augment its revenue growth and profitability. However, stricter regulation for deep offshore drilling and cost overruns could affect its future operations, says a report OIL Machine Dynamics Limited (SMD) is the world’s leading manufacturer of remote intervention equipment. The company leverages its broad product offerings, market leading position, strong industry recognition and diversified market base to deliver consistent revenue growth. Strategic growth...






Saoge maintains its position as the sole oil and gas exhibition in the Eastern Province, and continues to deliver an essential platform for key professionals THE sixth Saudi Arabian International Oil and Gas Exhibition (Saoge) will be held from November 24 to 26, 2014 at the Dhahran International Exhibition Centre in Dammam, Saudi Arabia. Organised by International Exhibition Services (IES), Saoge was launched in November 2008 as the premier event for...






The firm is the main automation contractor for Al Zour refinery HONEYWELL has announced that it has been selected by Kuwait National Petroleum Company (KNPC) to provide the Integrated Control and Safety System (ICSS) for its new 615,000 barrel-a-day (bpd) Al Zour refinery complex to be built in southern Kuwait. Honeywell will also provide the front-end...






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