Kuwait Petroleum Corporation (KPC) is expected to add two to three new crude oil refineries by 2023, Mubasher reported, citing a report by GlobalData.
The largest of the three new refineries will be the Al-Zour refinery, which is set to begin operations by 2020, with a capacity of 615,000 barrels per day (b/d).
KPC is contributing by around 5% to the growth of the Crude Distillation Unit (CDU), as part of the projects that are planned to be executed between 2019 and 2023.
KPC is expected to lead international new capacities with the addition of an 830,000-barrel capacity by 2023, the report showed.
Meanwhile, Kuwait National Petroleum Company (KNPC) is planning to reach a maximum refining capacity of 1.6 million b/d by 2025.