KUWAIT CITY, November 16: Money spent on the environmental fuel project surpassed the billion dinar mark at the end of last August, the Annahar daily reports citing reliable sources. The sources said that this money was spent on local contracts, which helped foster the market recovery.
The sources indicated that the total amount actually spent on the project until the end of last August was 4.518 billion dinars and the share of the local component is 23.4%. $ 15 billion. The source also pointed out that Kuwait is on track to complete the project on time, despite the liquidity crisis the country has suffered for the past two years.
The environmental fuel project, sources say, contributes to the achievement of KPC’s strategic direction of reaching 1.6 million barrels of refining capacity by 2025 at the highest processing level by maximizing the release of oils heavy Kuwaiti at KNPC refineries and meeting local requirements. energy needs. The total refining capacity will reach 800,000 barrels per day for the Ahmadi and Mina Abdullah refineries, through the implementation of the giant project in which the share of the Mina Abdullah refinery will be 454,000 and the refinery of Ahmadi of 346,000.