Kuwaiti Al Zour refinery budget increased to $16bn

Increase has been approved by country's Supreme Petroleum Council

The cost of the project has soared.
The cost of the project has soared.

Kuwait's Al Zour Refinery budget has been increased by $2.88bn (KWD871m) to $16bn (KWD4.871bn), Kuwait's oil minister has announced.  

Ali Saleh Al Omair said the increase was approved by Kuwait's Supreme Petroleum Council because of the importance of the project, Kuwait's state news agency KUNA said.

The 615,000bpd oil refinery, originally planned more than a decade ago, will be the biggest in the Middle East, but the project has been repeatedly delayed by bureaucratic and political issues, including tensions between Kuwait's parliament and cabinet, Arabian Business reported.


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