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FINANCIAL NEWS
Kuwait to launch environmental fuel project by 2018
24 Jul 2014
(MENAFN) Kuwait announced investing USD17 billion in ‘environment al fuel’ project which is scheduled to be launched by 2018, aiming to develop oil refineries, KUNA reported.
The project, which started last April, goals to develop Mina Al-Ahmadi and Mina Abdullah refineries, providing them with new units to increase their refinement abilities.
In accordance with international measurements, it will allow the refineries to produce high-quality, environment-friendly oil products, according to Kuwait National Petroleum Company (KNPC).
The project is expected to increase Kuwait’s investment by 11.5 percent, thus allowing KNPC to execute more big projects, while it will also attract international companies to the country.
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