Two mil­lion bar­rels of Kuwaiti crude oil to be shipped to Viet­nam re­fin­ery: Oil Min­is­ter Es­sam Al-Mar­zouq

Kuwait Times - - LOCAL -

Kuwait Pe­tro­leum Cor­po­ra­tion (KPC) is pre­par­ing to ship two mil­lion bar­rels of Kuwaiti crude oil to the Viet­nam re­fin­ery to sup­ply it with quan­ti­ties re­quired for op­er­a­tions to­day. Through the mar­ket­ing sec­tor, the com­pany will con­tinue send­ing other ship­ments later in ac­cor­dance with agree­ments con­cluded in this re­gard, Min­is­ter of Oil and Min­is­ter of Elec­tric­ity and Wa­ter Es­sam Al-Mar­zouq said in a press state­ment yes­ter­day. The Viet­nam re­fin­ery, built in the Nghi Son area, is one of Kuwait Pe­tro­leum In­ter­na­tional Q8 vi­tal projects out­side Kuwait, de­signed to re­fine Kuwaiti crude oil by 100 per­cent, and with a re­fin­ing ca­pac­ity of 200,000 bar­rels per day, Mar­zouq added. The im­ple­men­ta­tion of this pro­ject be­gan in July 2013 and took 43 months to com­plete, the min­is­ter noted. Mar­zouq stressed the im­por­tance of Q8’s pro­ject to strengthen Kuwait’s in­ter­na­tional oil re­la­tions with Viet­nam and global part­ners, also to meet KPC’s ob­jec­tives of pro­vid­ing a se­cure out­let for Kuwaiti crude oil in the long run. The pro­ject of the Viet­nam re­fin­ery re­flects the vi­sion of KPC and its firms to reach a lead­ing po­si­tion in the re­fin­ing, mar­ket­ing and petro­chem­i­cal in­dus­try and to ex­cel at per­for­mance lev­els as well as en­hanc­ing the ben­e­fit of Kuwaiti crude oil.

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