(hydrocarbonprocessing)-- State-run Kuwait National Petroleum Co., or KNPC, has awarded engineering firms Amec and Foster Wheeler consultancy contracts for its new refinery and clean fuel projects, according to the official Kuwait News Agency, or KUNA.
The contracts allow the two companies to prepare the bids and technical specifications for the projects. The Kuwaiti firm has previously said that other tenders for the construction will be issued by year end or early 2013.
The two projects will be implemented simultaneously and are expected to boost the refining capacity of KNPC's parent company, Kuwait Petroleum Corp., to 1.4 million bpd of crude oil and will cost about USD25 billion.
The new refinery to be located in Kuwait's Al Zour region and environmentally-friendly fuel projects will be completed by 2017 and 2018, respectively.
Since its incorporation in 1960, KNPC was engaged in different activities of the oil industry. Kuwait National Petroleum Company was established as a joint venture between the government and the private sector. KNPC became fully government-owned in 1975. The company was also founded to develop the downstream sector in Kuwait.
We remind that, as MRC informed previously, Foster Wheeler has been awarded a contract by Shell Global Solutions to develop the basic engineering package for a world-scale mono-ethylene glycol (MEG) facility at the Gulf region (Qatar).
MRC