KNPC postpones distillation, bitumen units projects for 2 years
The Kuwait National Petroleum Company has decided to postpone the construction of the crude oil distillation unit and the bitumen production unit for two years, until the completion of a study of the possibility of extending the service of the current units for the coming years, reports Al-Jarida daily.
The source indicated that the two projects come within the strategic directions of the refining, marketing, and petrochemical sector of KPC 2030, to ensure continuous provision of this product and meet all future needs of the local market.
The source said that the feasibility study for the project was carried out in two phases, the first included confirming and reviewing the results of the study conducted by the company to assess the remaining life span of the bitumen and eocene units, and reviewing and updating the study of future expectations for the demand for bitumen in the local market according to the study of the consulting company.
This is in addition to identifying and developing the necessary alternatives to achieve the requirements of the local market in the short, medium and long term.
Regarding the second phase, he stated that it included a feasibility study for the proposed alternative and recommendations based on the results and recommendations of the first phase study, the establishment of new bitumen and eocene units according to the AMEC study, where the results of the second phase of the feasibility study were reviewed with the concerned departments of the company, and the approval of the projects committee in the company was obtained on the results of the feasibility study, in addition to the Environment Public Authority.
A study of the initial engineering designs for the project has also been completed, based on the use of Kuwaiti oil for export, West Kuwait oil and Kuwaiti heavy oil, in addition to building a storage capacity for bitumen material sufficient for 30 days as a strategic stock.
SOURCE – ARABTIMES