Kuwait is planning to commence a new giant company to manage an oil refinery and petrochemical project worth around US$ 28 billion in its Southern Al Zour region.
GCP report said that, the Kuwait Petrochemicals and Refining Company will posses Al Zour oil refinery and nearby petrochemicals complex.
Report said funding in the project are estimated at US$16 billion for Al Zour oil refinery, US$10 billion for the petrochemicals complex and the rest for gas supply facilities.