Middle East Economic Survey

VOL. L

No 8

19-Feb-2007

KUWAIT

KNPC Abandons Fourth Refinery Tender In Favor Of Direct Talks On Cost Plus Basis

Kuwait Petroleum Corporations (KPC) downstream arm Kuwait National Petroleum Company (KNPC) has abandoned the tender for the construction of the planned fourth refinery to be located at Al-Zour due to cost rises that have seen bids rise to top $15bn from original cost estimates of around $6bn, MEES learns. Instead the company plans to approach at least one of...