Latest news with #KuwaitNationalPetroleumCompany
Arab Times
5 days ago
- Business
- Arab Times
KNPC expands Mina Al-Ahmadi & Mina Abdullah refinery capacities
KUWAIT CITY, July 19: Kuwait National Petroleum Company (KNPC) aims to increase the production capacity of Mina Al-Ahmadi and Mina Abdullah refineries from 798,600 barrels per day to about 825,000 barrels per day this year. Sources told the newspaper that this step is crucial, considering that the refined products of both refineries contain materials that meet most international environmental requirements; hence, the global markets prefer KNPC products. Sources confirmed that KNPC has completed numerous maintenance operations on several units in the two refineries and is currently undertaking comprehensive maintenance to increase its production capacity. Sources said the company utilizes the most advanced smart digital technologies to continue production operations optimally, especially since these technologies have a high capacity to predict breakdowns. Sources stated that to increase the production capacity of Mina Al- Ahmadi Refinery, the company will focus on increasing the operating capacity of the atmospheric distillation residual sulfur removal unit; thereby, raising its production from 50,000 barrels per day to 55,000 barrels. Sources revealed this is in addition to increasing the operating capacity of the atmospheric distillation residual sulfur removal units at Mina Abdullah Refinery to reach 50,000 to 55,000 per unit. Sources disclosed that the target expansion plan includes increasing the operating capacity of the naphtha processing unit from 23,000 barrels to 25,8000 barrels per day at the Mina Abdullah Refinery. Sources also cited the ongoing efforts to increase the operating capacity of the gasoline production unit at Mina Abdullah Refinery from 18,000 to 20,000 barrels per day. Sources added that the production capacity of the petroleum coke production unit at Mina Al-Ahmadi Refinery will be increased from 37,000 barrels to around 44,400 barrels per day. Sources affirmed as well that evaluations are underway for several other units at the two refineries in preparation for increasing their production capacity. Sources said KNPC is currently leading an ambitious plan to increase the production of clean refining materials through various means in order to protect the environment. 'Therefore, it is working diligently to reduce emissions through the use of alternative energy. It is expanding the use of alternative energy through solar panels at its fuel stations -- both the existing ones and those to be built in the coming years. The company intends to implement several projects in the coming years to achieve carbon neutrality by 2050,' sources added. Moreover, sources attributed the decline in the profits of the company for fiscal 2024/2025 to several factors; particularly the geopolitical factors in the region, entry of new African refineries into service, and resumption of Russian refineries, some of which ceased operations some years ago due to the Russian- Ukrainian war. Sources also cited the official launching of the Kuwaiti-Omani Duqm Refinery in February 2024 as one of the factors, as most global markets relied on it, especially during the intensification of geopolitical crises, as well as the recession that accompanied product purchases
Zawya
10-06-2025
- Business
- Zawya
Kuwait's MRC to start operations at steel recycling plant in 2025
The steel recycling plant of Kuwait-based Metal Recycling Company (MRC) is under construction and expected to begin operations this year. The disclosure was made in Kuwait- and Dubai-listed Agility Public Warehousing Company's sustainability report 2024. Once operational, the plant will have the capacity to recycle about 60,000 tonnes of scrap metal annually, thereby avoiding 20,000 to 90,000 tonnes of CO2e emissions each year. The company operates four out of five of Kuwait's medical incineration facilities, collectively processing 40 tonnes of waste daily — around 14,600 tonnes each year. MRC has also obtained a license for recycling used batteries, with operations set to start in 2025, the report stated. In 2024, the company was awarded a letter of award from the Kuwait National Petroleum Company to build a new spent catalyst metal reclamation facility in Kuwait. The facility will treat and reclaim precious metals from spent catalysts using a zero-waste process, reducing both the cross-border transportation of hazardous waste and its associated carbon footprint. The facility is expected to be operational in the coming years, the report added. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
15-04-2025
- Business
- Zawya
Kuwait purses oil merger plan
Kuwait is pushing ahead with plans to merge its state oil companies to reduce their number, create strong entities and cut costs, a newspaper reported on Tuesday. The merger will start with the OPEC member's two main downstream companies Kuwait National Petroleum Company (KNPC) and the Kuwait Integrated Petrochemical Industries Company (KIPIC), the Arabic language daily Alseyassah said. KIPIC's deputy financial manager Bandar Al-Qahtani met the company's employees on Sunday to discuss 'measures to protect their rights' after the merger, the paper said. 'He emphasised the need to preserve the rights of all staff members as per instructions by authorities…this includes the need to keep their contracts after the merger.' In a report last month, the paper said the merger of the two companies would begin at the start of the 2025-2026 fiscal year, which begins on April 1. It said mergers among the state oil entities came amid plans by Kuwait to expand oil and gas production capacity to 4 million barrels-per-day and 1.5 billion cubic-feet-per-day respectively. Kuwait has 8 main state-owned oil companies and controls nearly 101 billion barrels of recoverable crude deposits, the world's sixth largest. In 2020 KPC appointed the US-based consultant Strategy& to carry out a study for restructuring the oil sector, which will remain managed by the Kuwait Petroleum Corp (KPC). (Writing by Nadim Kawach; Editing by Anoop Menon) (
Zawya
30-01-2025
- Automotive
- Zawya
Kuwait's KNPC plans 20 new fuel stations
KUWAIT CITY - Kuwait National Petroleum Company (KNPC) intends to boost its annual profits by increasing the number of car fuel stations to augment its sales of gasoline in the local market to reach about six million liters by 2027. Sources said the company offers various types of gasoline in the local market; indicating the company sold 4,860,000 liters last year. The largest share was for Premium 91 gasoline, which achieved the highest percentage in sales -- more than three million liters, while Special 95 gasoline reached more than 1.8 million liters and a small percentage of Ultra 98 -- more than 33,000 liters, sources added. Sources confirmed that Chief Executive Officer (CEO) of KNPC Wadha Al-Khatib is closely following up the file of increasing the number of fuel stations in light of the population increase witnessed by the country, in addition to the rising number of residential areas. Sources said the company is currently coordinating with the Kuwait Municipality, Public Authority for Roads and Transportation (PART), Ministry of Electricity and Water, and Public Authority for Housing Welfare (PAHW) to allocate sites where more fuel stations will be established to obtain approvals. Sources explained that the total number of fuel stations has reached 79; including six mobile stations; indicating that KNPC plans to establish 20 fuel stations by 2027, to reach 100 fuel stations by 2040. Sources affirmed the company is keen on protecting the environment in general; hence, the establishment of many facilities at its fuel stations aimed at protecting the surroundings of the stations, including a unit for recovering volatile vapors by installing advanced devices. Meanwhile, KNPC also revealed that it recently opened a new fuel filling station in West Abdullah Al-Mubarak -- the second over the past two months, as it opened a similar station last November. The new station is located in Block One and bears the number 157. It has a modern design and uses solar energy to produce clean energy, which will provide about 30 percent of the station's electricity needs. It also contains a vapor recovery unit that can absorb vapors while filling the car's tank with fuel, condense them and return them to the tank to reduce environmental pollution. The station will provide parallel services to its customers like a mini central market, an ATM and car maintenance; in addition to providing various options for paying the fuel value through advanced and easy-to-use electronic technologies and applications. The opening of this station comes within the framework of a strategic plan to build new stations in various parts of the country, especially in new residential areas; for the company to meet the needs of the residents in these areas for petroleum derivatives and to keep pace with the urban expansion witnessed by the country. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Arab Times
29-01-2025
- Automotive
- Arab Times
KNPC plans 20 new fuel stations
KUWAIT CITY, Jan 29: Kuwait National Petroleum Company (KNPC) intends to boost its annual profits by increasing the number of car fuel stations to augment its sales of gasoline in the local market to reach about six million liters by 2027. Sources said the company offers various types of gasoline in the local market; indicating the company sold 4,860,000 liters last year. The largest share was for Premium 91 gasoline, which achieved the highest percentage in sales -- more than three million liters, while Special 95 gasoline reached more than 1.8 million liters and a small percentage of Ultra 98 -- more than 33,000 liters, sources added. Sources confirmed that Chief Executive Officer (CEO) of KNPC Wadha Al-Khatib is closely following up the file of increasing the number of fuel stations in light of the population increase witnessed by the country, in addition to the rising number of residential areas. Sources said the company is currently coordinating with the Kuwait Municipality, Public Authority for Roads and Transportation (PART), Ministry of Electricity and Water, and Public Authority for Housing Welfare (PAHW) to allocate sites where more fuel stations will be established to obtain approvals. Sources explained that the total number of fuel stations has reached 79; including six mobile stations; indicating that KNPC plans to establish 20 fuel stations by 2027, to reach 100 fuel stations by 2040. Sources affirmed the company is keen on protecting the environment in general; hence, the establishment of many facilities at its fuel stations aimed at protecting the surroundings of the stations, including a unit for recovering volatile vapors by installing advanced devices. Meanwhile, KNPC also revealed that it recently opened a new fuel filling station in West Abdullah Al-Mubarak -- the second over the past two months, as it opened a similar station last November. The new station is located in Block One and bears the number 157. It has a modern design and uses solar energy to produce clean energy, which will provide about 30 percent of the station's electricity needs. It also contains a vapor recovery unit that can absorb vapors while filling the car's tank with fuel, condense them and return them to the tank to reduce environmental pollution. The station will provide parallel services to its customers like a mini central market, an ATM and car maintenance; in addition to providing various options for paying the fuel value through advanced and easy-to-use electronic technologies and applications. The opening of this station comes within the framework of a strategic plan to build new stations in various parts of the country, especially in new residential areas; for the company to meet the needs of the residents in these areas for petroleum derivatives and to keep pace with the urban expansion witnessed by the country.
