News dalla rete ITA

21 Gennaio 2024

Kuwait

THREE FIRMS BUY KUWAIT OIL PROJECT DOCUMENTS

Three companies have bought the tender documents for the planned fuel depot project in Kuwait’s Al-Mutlaa region.The state-owned downstream operator Kuwait National Petroleum Company (KNPC) issued an invitation to bid on the project in November last year.The project is estimated to be worth $800m.The three companies that have started the process to buy the documents are:Sinopec (China)Meil (India)Heisco (Kuwait)More companies may purchase the tender documents for the project before bids are submitted.India’s Larsen & Toubro (L&T) is still considering bidding on the project, sources said.One source said: “Executives are still discussing this project, and it seems like there is a 50 per cent chance that they will decide to purchase the tender documents and participate in the bid process.”At the moment, the official bid deadline for the project is 13 February 2024.Tender documents were made available to contractors on 12 November, and a pre-tender meeting took place on 17 December.The scheme is known as the Al-Mutlaa new fuel depot project, and its scope is expected to include:Development of new pumping facilities at the Mina al-Ahmadi and Shuaiba refineriesLaying of cross-country pipelines from the Mina al-Ahmadi and Shuaiba refineriesConstruction of a local market depotInstallation of safety systemsInstallation of fire-fighting systemsConstruction of storage tanksIn December 2021,The UK-based Wood Group completed the revised front-end engineering and design (feed) work for the long-delayed project to develop the oil products marketing depot in Kuwait’s Jahra governorate.The project has been delayed since feasibility studies were completed in 2013.Feed work was originally completed in 2015 before KNPC decided the original design needed to be revised.Kuwait’s Mina al-Ahmadi refinery was overhauled as part of the $16bn Clean Fuels Project.In September 2021, KNPC brought the final units of its Clean Fuels Project online.The Clean Fuels Project integrated and modernised Kuwait’s Mina Abdulla refinery and the Mina al-Ahmadi refinery.The capacity was increased to 454,000 barrels a day (b/d) at the Mina Abdulla refinery and 346,000 b/d at the Mina al-Ahmadi refinery. (ICE KUWAIT)


Fonte notizia: Meed