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KNPC: KD 3.1 billion total expenditure on environment fuel
October 16, 2017, 3:24 pm
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CEO of Kuwait National Petroleum Company (KNPC) Mohammad Al-Mutairi said the total volume of expenditure on the environmental fuel project amounted to KD 3.1 billion (about US$ 10.25 billion) until the end of September 2017.

Al-Mutairi said in an interview with 'Al-Seyassah' newspaper on Monday that the total number of employees of the project amounted to about 39,000 workers, pointing to the company's intention to receive the first payments of external financing for the project in November. He pointed out that among the most significant and strategic projects KNPC relies on currently is of the sulfur handling in Ahmadi port where nearly 93.51 percent of the prject is completed, anticipating completion by January 2019.

He pointed out that the 5th gas line project, which aims to address future quantities of gas in Kuwait to produce ethane, propane, butane and natural gas is proceeding according to the plan so far. He said that the production of these gases aims to treat about 805 million cubic feet per day of gas and 106,000 barrels of condensate, as the percentage of completion is nearly 58 percent at a cost of up to KD 722.5 million (about US$ 2.3 billion).

He added that the refinery capacity of Kuwait National Petroleum Company after the closure of the Shuaiba refinery and the operation of the environmental fuel project will be 800,000 barrels, as the capacity of Mina Abdullah refinery after the operation of fuel will be 454,000 barrels per day, while the refinery in Mina Al-Ahmadi will be 346,000 barrels per day.

Source: KUNA

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