Kuwait is planning to launch a US$28 bln Al-Zour complex project involving the construction of a 615,000 bpd refinery and a large petrochemical plant in February, as per daily Al-Seyassah. An international consultancy firm is carrying out a feasibility study on the project to integrate the petrochemicals plant into the refinery project and it would be completed this month. This study would be presented to the Kuwait Petroleum Corporation (KPC), which will seek approval from the Supreme Petroleum Council (SPC).
The possible split up of the investment outlay is US$16 bln for Al-Zour oil refinery, US$10 bln for the petrochemicals complex and US$2 bln for gas supply facilities.
The paper quoted the sources as saying oil authorities are considering offering 50% shareholding in the project to the private sector, including firms and individuals
21-Dec-15 
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