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FINANCIAL NEWS
Kuwait Petroleum awards deal to Foster Wheeler
22 Dec 2010
(MENAFN) Giuliano Franzi, Managing Director at Kuwait Petroleum International Lubricants, announced that the company has awarded a deal to Switzerland-based Foster Wheeler, for the provision of detailed engineering services for a brownfield lube oil blending plant to be built at its facility in Belgium, Trade Arabia reported.
The lube oil blending plant, to be built at Kuwait Petroleum’s facility in Antwerp, Belgium, comes in line with the state-owned company�s goal to boost production capacity from 125 million to 250 million liters per year, thus bolstering the facility�s ability to operate at European scale, explained Franzi.
Moreover, accelerating the plant’s output will aid Kuwait Petroleum in keeping pace with the growth of its Q8Oils and Roloil branded business and to give it the option of toll blending for other companies. The detailed engineering activities will be completed by the middle of next year, he added.
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