Hashem S. HashimOpen image in new window
Kuwait Petroleum Corporation (KPC) launched a major new company in 2016 namely, the Kuwait Integrated Petrochemical Industries Company (KIPIC). KIPIC, one of the two largest companies within KPC, will integrate, deliver and run three massive new projects at the Al-Zour complex. The first of which will be a refinery, followed closely by a Liquified Natural Gas (LNG) importing facility and finally a Petrochemicals plant. The investments will total 26 billion US dollars, uplifting Kuwait’s position in the downstream sector and increasing the refining capacity to 1.4 million barrels per day.