Kuwait’s National Petroleum Company (KNPC) will set up a new company, KBRC, to run its planned Al-Zour refinery and petrochemical complex and to manage a new liquefied natural gas (LNG) import terminal, Reuters reported. The refinery complex is believed to be the biggest in the Middle East and is scheduled to be launched in November 2019. The refinery’s total capacity will be to commission 615,000b/d of oil. LNG terminal’s capacity is estimated at 3bcf/d of gas and contracts are expected to be concluded early this year.
According to KNPC’s CEO, Mohammed Al-Mutairi, setting up the KBRC company will allow the independent management of many projects under one structure, added the Hydrocarbon Processing website.