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Kuwait Petroleum eyes turning al-Zour into a commercial refinery

November 29/2018
MOSCOW (MRC) -- Kuwait Petroleum Co has prepared a study to transform its al-Zour refinery into a commercial one to increase its profitability, as per Hydrocarbonprocessing with reference to the state news agency KUNA's Monday statement.

We remind that, as MRC reported earlier, in May 2018, Kuwait Petroleum International (KPI) was in talks to buy 24% of the Bina joint venture refinery in central India, as the Middle East nation wants to increase its South Asian market share. Global oil producers are vying to gain entry into Indias expanding refining sector. The worlds third-biggest oil importer plans to raise its refining capacity by 77% to about 8.8 million barrels per day (bpd) by 2030 to meet rising fuel demand.

Oil from Kuwait accounted for about 6% of Indias overall imports in 2017/18.

mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, Kuwait National Petroleum Co., India, Kuwait.
Category:General News
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