VOL. XXXIX

No. 45

5-August-1996

KUWAIT

Kuwait's KPC Decides To Close Danish Refinery

As part of a strategic restructuring of its downstream presence in Northwest Europe, the Kuwait Petroleum Corporation (KPC) has decided to shut down its 59,000 b/d refinery at Stigsnaes in Denmark and convert it into an import terminal by April 1997.

KPC's rationale for the closure of the Stigsnaes refinery stems from the uncompetitive nature of the present plant and lack of market justification for...