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KNPC will close the Shuaiba refinery (Kuwait)

Kuwait National Petroleum Co (KNPC) announced it will shut down its Shuaiba refinery permanently by April 2017. The 200,000 bbl/d refinery has been closed mostly because of economic reasons and it will be converted into an oil storage facility.



The company announced its refining capacity would be 746,000 bbl/d after the closure.



In the meanwhile, KNPC plans to invest US$40bn to extend and modernise the refining capacities, so as to increase the total refining capacity to 1.4 mb/d in 2022; this includes the construction of the new Al-Zour refinery and the implementation of the Clean Fuels Project.



Around US$16bn are expected to be spent on the Al-Zour New Refinery Project (NRP) (capacity of 165,000 bbl/d), that will supply both the domestic and international demand for ultra-low-sulphur petroleum products. The refinery is expected to be commissioned in 2019.



KNPC's Clean Fuels Project aims to upgrade and expand the Mina Abdulla and Mina Al-Ahmadi refineries to raise their capacity by 64 000 bbl/d to 801,000 bbl/d by mid-2018.

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