Kuwait's National Petroleum Company (KNPC) said on Sunday it will set up a new company to run its planned al-Zour refinery and petrochemical complex which, when built, will be the biggest in the Middle East.
The new company, KBRC, will also manage a planned permanent liquefied natural gas (LNG) import terminal, said KNPC Chief Executive Mohammed al-Mutairi, according to comments on state news agency KUNA.
He said that setting up KBRC would allow the independent management of the projects under one structure.
Mutairi told Reuters in October that commissioning of the
615,000 barrel per day refinery was expected to start in
November 2019. Contracts to build the 3 billion cubic feet per
day LNG import terminal were expected to be awarded early this
year.
(Reuters)
