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)