Name of client KNPC - Kuwait National Petro leum Company
Budget $13 billion
Facility type Refinery
Sector Refining
Status Construction
Location Various
Feed Fluor Corporation
PMC Foster Wheeler
Main contractor JGC Corp, GS Engineering & Con struction, SK Engineering & Con struction, Chicago Bridge & Iron Company (CB&I), Samsung Engineering Co, Hyundai Heavy Industries, Fluor Corporation, Petrofac and Daewoo Engineering and Con struction
Background
The Kuwait National Petroleum Company’s aim is to upgrade and increase capacity at Mina Al-Ahmadi and Mina Abdullah refineries. Upon completion of the Clean Fuels Project refining capacity will go up to 400,000 barrels a day at each refinery. Work has been split into 3 phases with both refineries getting upgrades to production capabilities and more state of the art utilities.
Project status
October 2015: KPC signs Memorandum of Understanding (MoU) with Export-Import Bank of Korea for a $5 billion financing deal on its oil projects, particularly funding the Clean Fuels packages. KNPC CEO announces project will be commissioned in April 2018.
Project scope
The project is to be executed in three phases involving multifarious units and processes.
Project finance
Kuwait National Petroleum Company (KNPC) is the client.
The break down of Phases and budgets are as follows:
• Kuwait National Petroleum Company (KNPC) – Clean Fuels Project – Mina Abdulla Refinery – Phase 1 : $4,000,000,000
• Kuwait National Petroleum Company (KNPC) – Clean Fuels Project – Mina Abdulla Refinery - Phase 2 : $ 4,000,000,000
• Kuwait National Petroleum Company (KNPC) – Clean Fuels Project – Mina Al Ahmadi Refinery – Phase 3 : $5,000,000,0000
Project schedule
EPC ITB Q1-2013
Engineering & Procurement Q1-2014
Construction Q3-2015
Completion Q2-2018
Mina Al Ahmadi ... expanding
