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Kuwait’s KPC to establish a new subsidiary

by ChemOrbis Editorial Team -
  • 11/10/2016 (15:25)
According to market sources, Kuwait’s Ministry of Commerce and Industry has allowed Kuwait Petroleum Corp., which has eight subsidiaries, to establish a new subsidiary for refinery and petrochemicals projects.

It is stated that KPC’s new subsidiary took the name ‘Kuwait Integrated Petrochemical Industries Co.’. The company will have a capital budget of almost $6 billion and will carry out downstream projects such as the construction of the 615,000 barrels/day Al-Zour refinery and a new LNG import terminal.
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