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Thursday, 4 March 2010

Kuwait's SPC committee to approve refinery-report

A previously stalled $15 billion project to build a 615,000 barrels per day (bpd) refinery in Kuwait is likely to be revived by a key technical committee at the weekend, a newspaper reported on Thursday.
The Al-Rai daily said, in an unsourced report, a decision on the new refinery was expected to be made when the technical committee of Kuwait's highest oil policy body meets on Sunday.
Officials have said the Supreme Petroleum Council has again reviewed pushing the al-Zour refinery project aimed at providing fuel supplies, most of which are now imported, to domestic power plants.