Tecnicas Among Companies to Build $16 Billion Al Zour Refinery
- Al Zour to more than double Kuwait's refining capacity
- Refinery to be integrated with petrochemical complex
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Daewoo Engineering & Construction Co., Tecnicas Reunidas SA and Hyundai Heavy Industries Co. are among companies that signed contracts today to build Kuwait’s $16 billion Al Zour oil refinery, which will more than double the nation’s processing capacity.
The refinery, with a capacity of 615,000 barrels a day, will raise Kuwait total refining capacity to 1.4 million barrels a day when completed in July 2019, Mohammad Ghazi Al-Mutairi, chief executive officer of state-owned Kuwait National Petroleum Co., said at the signing ceremony in Kuwait City. Al Zour refinery, valued at 4.87 billion dinars ($16 billion) will be integrated with a planned petrochemical complex which KNPC will discuss at an upcoming board meeting, he said.