Subscribe free to our newsletters via your
. Space Industry and Business News .




ENERGY TECH
Kuwait awards $12 bn clean fuel project
by Staff Writers
Kuwait City (AFP) Feb 10, 2014


Kuwait National Petroleum Co said Monday it has awarded a $12-billion project to British, US and Japanese-led consortia to boost capacity at oil refineries and make production more environmentally friendly.

Work on the three-part project for KNPC to upgrade refineries while reducing sulphur and carbon pollutants is expected to start in April and be completed in five years.

The Mina Abdullah I project was awarded to a consortium led by Britain's Petrofac at $3.8 billion, Mina Abdullah II to US Fluor-led consortium for $3.4 billion, while Mina Al-Ahmadi went to Japan's JGC Corp-led consortium for $4.8 billion, KNPC spokesman Khaled al-Assousi told AFP.

Assousi said he expected the contracts to be signed within the next six weeks and work to commence in April.

The current production capacity of the two refineries of Mina Al-Ahmadi and Mina Abdullah is around 730,000 barrels per day, while the capacity of Kuwait's third refinery at Shuaiba is 200,000 bpd.

At the end of the projects, the capacity of the two refineries will be raised to 800,000 bpd, while Kuwait plans to shut the third refinery.

Kuwait is soon also expected to award contracts for a state-of-the-art refinery with a capacity of 615,000 bpd expected to come onstream after five years.

Kuwait's refining capacity will reach over 1.4 million bpd from the existing capacity of 930,000 bpd, when all the projects are completed.

The plans have been repeatedly delayed because of political disputes between parliament and the government.

The project to build a new refinery was scrapped by the government around five years ago, months after five Japanese and South Korean companies were awarded contracts.

MPs had opposed the plan complaining of a lack of transparency in the tendering process.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Iran drawing up new contracts to attract oil majors
Tehran (AFP) Feb 09, 2014
Iran's oil ministry said Sunday it is preparing a new type of contract that would be more attractive to major oil companies in case of the lifting of international sanctions. International oil and gas companies have withdrawn from Iran since the strengthening of US and European sanctions in recent years over Tehran's controversial nuclear drive. These sanctions have drastically reduced o ... read more


ENERGY TECH
Scientists use 'voting' and 'penalties' to overcome quantum errors

China gold consumption leaps 41% in 2013

Theorists predict new forms of exotic insulating materials

MDA announces Canada's DND Sapphire satellite completes commissioning

ENERGY TECH
US Marines Reach Milestone For New General Dynamics-built Aviation CCS

MUOS Satellite Tests Show Extensive Reach In Polar Communications Capability

Space squadron optimizes wideband communication constellations

GA-ASI and Northrop Showcase Unmanned Electronic Attack Capabilities

ENERGY TECH
58th successful launch in a row of Ariane 5

The go-ahead is given for Arianespace's February 6 flight with Ariane 5

SpaceX's next cargo mission to space station is Mar 16

Both payloads for Arianespace's next Ariane 5 flight are mated to the launcher

ENERGY TECH
Lockheed Martin Powers On Second GPS 3 Satellite In Production

India to launch three navigation satellites this year

NGC Wins Contract For GPS-Challenged Navigation and Geo-Registration Solution

20th Anniversary of Initial Operational Capability of the GPS Constellation

ENERGY TECH
Turkey vows to go ahead with new airport despite court order

Indonesia officials to skip Singapore Airshow amid name row

Lone survivor found as Algeria plane crash

A Faster, Simpler Way to Replace Obsolete Parts for B-2 Bomber

ENERGY TECH
New way to measure electron pair interactions

Helical electron and nuclear spin order in quantum wires

Diamond defect boosts quantum technology

Integration brings quantum computer a step closer

ENERGY TECH
AGU and Wiley Launch Open Access Journal, Earth and Space Science

High resolution, digital bathymetry now available off-the-shelf

Savanna vegetation predictions best done by continent

Chinese scientists pinpoint source of Yangtze's main tributary

ENERGY TECH
S. Korea fisheries minister sacked over oil spill

France to start pumping out Spanish ship broken in three

Cooperative SO2 and NOx aerosol formation in haze pollution

Asian ozone pollution in Hawaii is tied to climate variability




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement