Kuwait to spend $ 15 bn in upgrading refineries
Jan 28, 2010 01:00 AM
The head of the state-owned Kuwait Petroleum has said that the Gulf state is planning a $ 15 bn five-year investment
programme for its existing oil refineries.
Abdulaziz Al Attar said that Kuwait is looking to significantly increase its refining capacity to 1.4 mm bpd from its
existing level of 940,000 bpd.
Kuwait recently announced that it plans to spend $ 87.6 bn on its hydrocarbon sector over the next two decades.
