National oil refining company Kuwait National
Petroleum Co. said Wednesday it has selected Foster Wheeler and
Amec as consultants for two mega oil projects estimated to cost
around $30 billion.
KNPC said in a statement that London-based
international engineering and project management company Amec
was awarded the consultancy contract for building a new 615,000
US firm Foster Wheeler was appointed as
consultant for the so-called clean
fuel project, under which two of Kuwait's three existing
refineries at Al-Ahmadi and Mina Abdullah will be upgraded.
Each of the two projects is estimated to cost
around $15 billion.
Spokesman for KNPC, Mohammad al-Ajmi, said the
value of the Amec contract is $528 million and $502 million for
the Foster Wheeler contract.
He told AFP that both projects are due for completion by
The two projects have been repeatedly
delayed due to political disputes between parliament and the
The refinery project was scrapped by the
government around three-and-a-half years ago, months after
awarding contracts to five Japanese and South Korean
MPs had opposed the plan, complaining of a
lack of transparency in the tendering process.
The two projects are projected to raise
Kuwait's refining capacity to 1.4 million bpd
from the current 930,000 bpd. When the two projects are complete, Kuwait plans
to shut the Shuaiba refinery.
Dow Jones Newswires