Kuwait May Tap Private Investors for $14.5 Billion Refinery
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Kuwait may seek private investors to help build its largest oil refinery after a government council revived the 4 billion-dinar ($14.5 billion) project, which stalled two years ago amid political opposition.
The Supreme Petroleum Council, the emirate’s highest decision-making body for oil policy, approved construction of the 615,000 barrel-a-day Al-Zour facility, Oil Minister Mohammad al-Busairy said today in a telephone interview in Kuwait City.