Kuwait Petroleum eyes turning al-Zour into a commercial refinery |
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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 India’s expanding refining sector. The world’s 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 India’s overall imports in 2017/18. |
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mrcplast.com | |
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