Kuwait Petroleum Corporation (KPC) is willing to establish an oil industry zone through a private-public partnership deal, Zawya informed.

The World Bank supported KPC in preparing a study on the project, which has been approved by all competent government departments, according to Hellenic Shipping News.

The zone is expected be built as a joint venture between KPC and the private sector in order to attract private funds and investments to the oil industry, which controls more than 100b barrels  of crude oil reserves.

It worth noting that the project, which includes many petroleum industries, is within a program managed by KPC.