A refinery in Kuwait City
Kuwait takes next step in Gulf refining expansion
Middle Eastern NOCs have turned to the downstream to take greater control over the global supply chain
State-owned Kuwait Petroleum Corporation (KPC) has—after lengthy delays—completed one of two $15bn+ programmes designed to more than double the country’s refining capacity. KPC’s downstream-focused Kuwait National Petroleum Corp (KNPC) subsidiary finished work earlier in June on a new 70,000bl/d hydrocracking unit, expanding capacity to 454,000bl/d at the Mina Abdullah refinery. The new facility—hydrocracking unit 114—will produce low-sulphur diesel and kerosene to meet European standards. With this, it achieved mechanical completion a month ahead of schedule on the Clean Fuels Project (CFP), a $15.7bn programme to upgrade and expand the Mina Abdullah and Mina al-Ahmadi refineries to a combi
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
