Kuwait: KNPC to shut Shuaiba Refinery by April 17
The closure of Shuaiba Refinery will take place ahead of KNPC's clean fuels project which is expected to start operations by mid-2018
Kuwait National Petroleum Co (KNPC) has revealed it will shut its Shuaiba refinery permanently by April 2017.
The closure will take place ahead of its clean fuels project which is expected to start operations by mid-2018, a KNPC spokesman revealed during a news conference.
Works on the clean fuels project is almost 37% complete.
The upgrade project is an expansion of Kuwait's two largest refineries and will produce higher-value products such as diesel and kerosene for export.
Last year, KNPC's deputy chief executive officer Mutlaq Al-Azmi, was quoted by state news agency KUNP, saying the company plans to covert the Shuaiba facility into storage reservoirs.