Kuwait’s LNG terminal project vital for oil sector: Gharabally

KCAPT, MPW honored

KUWAIT CITY, Sept 12, (KUNA): Kuwait Integrated Petrochemical Industries Company (KIPIC) affirmed on Tuesday significance of the Liquefied Natural Gas Import Terminal Project for backing up the national oil sector.

The LNG terminal output capacity is projected at some 3,000 billion thermal units (65,000 tons) per day.

The terminal at Al-Zor refinery will produce optimal type of natural gas and environmentally friendly fuel oil, said Mohammad Al-Gharabally, the head of the team tasked with performance at KIPIC. He was speaking at a seminar, organized by the company about the project.

KIPIC is currently conducting studies for a petrochemical complex, including the third olefins plant, the second aromatics plant and the petrochemicals’ breaking unit.

Moreover, it is seeking to design a petrochemical complex for producing other derivatives.

The Al-Zor LNG terminal is projected to have a refining capacity of 615,000 barrels per day, some 45 percent of the national refining capacity.

Main transactions for the project is made up of five packages at a total value of KD 4.87 billion ($15.9 billion), said Al-Gharabally, explaining that it will secure 225,000 barrels per day to cover needs of the country’s power stations.

KIPIC, established in 2016, is a subsidiary company of Kuwait Petroleum Corporation (KPC).

It was set up to follow up on establishing and operating the petrochemical refinery and import LNG import terminals in Al-Zor, a key venture in the national development strategy.

Appreciation

Meanwhile, Kuwait’s Central Agency for Public Tenders (KCAPT) and the Ministry of Public Works have won two shields and a couple of certificates of appreciation at end of the Golden Excellence Award Competition for Arab Governments’ Achievements 2017.

Kuwait’s honoring was declared during a gathering, held by the Academy for Excellence Awards in the Arab Region. Ayman Al-Serhan, the assistant undersecretary at KCAPT, said in remarks to KUNA that the Kuwaiti agency won the e-government shield for a program on classifying contractors.

Khaled Al-Ammar, director of KCAPT’s information department, said he was proud of winning the award for the second time this year.

For his part, Anwar Al-Tawari, the secretary charged with contractors’ classification at the Kuwaiti agency, noted the department’s key role in facilitating and speeding up applications by contracting companies.

Iman Ashkenani, director of the information systems at the Ministry of Public Works, expressed satisfaction for partaking in the competition for the service; qualifying and recording participants in the ministry tenders, contracts and auctions. Registration for contracts and auctions is now possible via the ministry electronic website.

An applicant should post his (her) data, which may be accepted if they meet the ministry criteria. He may print the acceptance and request qualification card to be able to deal with the ministry as an importer, she explained.