Middle East Economic Survey

VOL. XLVIII

No 30

25-July-2005

Kuwait

KuwaitsFourth Refinery To Cost $6Bn

Kuwaits Supreme Petroleum Council (SPC), meeting on 19 July, approved new cost estimates for the countrys planned fourth refinery. The original estimate for a 450,000 b/d facility was KD1bn ($3.4bn). But a decision was later taken to expand the scope of the refinery enabling the capacity to range from 460,000 b/d if heavy crude is used to 600,000 b/d if medium crude is processed. As a result, the...