Official operation of the Al-Zour Refinery is expected to start as of November 2019, Kuwait National Petroleum Company (KNPC) Chief Executive Officer (CEO) Mohammad Ghazi Al-Mutairi said. Al-Mutairi made the statement to the press following the signing ceremony of the strategic project, whose estimated costs reach of KD 4.87 billion. (KD one = USD 3.31).
The Refinery, to be one of the largest oil refining plants worldwide, is intended to build a grass root refinery at Al-Zour area, south of Kuwait City with a total capacity of 615,000 barrels per day.
It has a strategic goal of supplying low sulfur fuel (less than one percent compared to current four percent) to the local power plants, which will significantly reduce pollutant emissions.
The refinery will provide clean fuel for the Ministry of Electricity and Water stations, and new products in line with criteria of the European markets, which will help the KNPC to open up fresh markets on the continent, in addition to promoting the oil industry at home, the CEO added.
The Kuwait Petroleum Corporation (KPC) will also set up an integrated petrochemicals complex in addition to Al-Zour Refinery and the long-term LNG imports facilities, Al-Mutairi said.
On importing LNG, Al-Mutairi said that the trend emerged after the successful project of the LNG imports facility in Mina Al-Ahmadi. Importing LNG has come to constitute an economic and environmental choice, he said. This is why studies were conducted to build such facilities in Al-Zour with capacity of three billion a day.