Published on July 28, 2017
Kuwait Petroleum Corp. (KPC) in mid-July is planning for a new push towards international expansion.
KPI is planning to increase global refining output to 800,000 bpd by the end of the decade and to 1.3 million bpd by 2030.
Kuwait Petroleum International (KPI) pledged to more than treble global refining capacity by the end of the decade – with the doubts induced by a history of vague unconsummated Asian tie-ups mitigated somewhat by a recent regional investment rapidly progressing towards finalisation.
KPI has signed provisional agreements since the turn of the decade to invest in Chinese, Indian and Indonesian refineries – none of which have come to fruition – while the company’s only realised investment, in a refining project in Vietnam, has suffered delays.
