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KUWAIT (Reuters) – The Kuwait Petroleum Corporation (KPC) has announced that it has prepared a preliminary feasibility study to convert the Zour oil refinery, currently under construction "commercial", with the aim of increasing profits, KUNA (KUNA) reported on Monday.
The facility aims to make the refinery a high converting capacity by converting low-value fuel oil into valuable high-value petroleum products, he said.
The products could be sold in international markets, which would increase the value-added of Kuwaiti refined products at the refinery and increase Kuwaiti revenues from petroleum products.
She added that "the subject is still at the stage of studies" and that it has not yet been passed decision to go ahead or signed any order to change the quality of the product refinery, confirming that the refinery's work is underway.
The first phase of the refinery should be operational by the beginning of 2020 and, if the necessary studies and proven feasibility begin, the necessary approvals on the necessary financial funds and the implementation of the capacity upgrade in 2026 will be companies.
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