Kuwait’s pivot to becoming a major oil products exporter took almost a decade to materialize and came with a hefty $30bn price tag. With the emirate finally reaping the rewards, state petroleum firm KPC is now looking at the next stages to unlock additional value from its 1.4mn b/d refining capacity. Despite being stuck in early planning stages for years, petrochemicals integration remains firmly on the agenda.
The country’s downstream sector has never been in better shape. Refinery throughputs have surged to new record highs following the ramp up of the 615,000 b/d Al Zour refinery through 2023, which itself followed the ‘Clean Fuels Project’ (CFP) upgrade to KNPC’s now-800,000 b/d capacity legacy Mina Abdullah and Mina Al Ahmadi refineries which finished late the previous year. (CONTINUED - 1872 WORDS)
