By SUMMER SAID
DUBAI -- State-run Kuwait Petroleum Corp., or KPC, plans to
issue tenders to build its new refinery and environmentally-friendly fuel
project by early next year, the firm's chief Farouk al-Zanki
said in remarks published Monday.
KPC has already awarded two firms consultancy contracts for
the projects and the other tenders for
the construction will be issued by year
end or early 2013, Mr. Zanki said, according to state-run
Kuwait News Agency, or KUNA.
The two projects, which will be implemented
simultaneously and are expected to boost KPC's refining capacity to 1.4 million bpd
of crude oil, will cost about $25 billion, Kuwait's oil
minister Hani Abdulaziz Hussain has previously said.
The new refinery will be located in Kuwait's
Al Zour region while the clean
fuel project will involve a major upgrade
of existing refineries in Mina Abdullah and Mina Al
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