Kuwait to Import Fuel Oil until 2019

Kuwait to Import Fuel Oil until 2019

Kuwait halted early April the Shuaiba refinery, which will decrease the Kuwaiti oil supply and lead the country to import fuel oil until the opening of Al-Zour refinery in 2019, reported Arab Times.

Kuwait National Petroleum Company’s CEO, Mohammad Ghazi al-Mutairi, stated to reporters that the country “will need to import fuel oil to meet electricity generation needs for about a year,” informed Times of India.

Mutairi further said that the Kuwaiti power generation requires as much as 120,000b/d of fuel oil in summer and 70,000b/d in winter.

The Shuaiba refinery produces around 200,000b/d of oil. Its closure will cause the Kuwaiti production to decline by 250,000 tons/d of oil.

One of the fuel oil traders in Kuwait said that “the shutdown won’t have a huge impact on Arabian Gulf (fuel oil) supplies but it will reduce overall regional flows.

Meanwhile, Kuwaiti Oil Minister, Essam Al-Marzouq, also announced that Kuwait will further need to import gasoline until the country starts production from Al-Zour refinery.

Sarah Samir 2757 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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