KNPC inks $406 mln refinery deal with Italy’s Tecnimont KUWAIT CITY, Sept 6, (KUNA): Kuwait National Petroleum Company (KNPC) announced on Monday signing a contract to establish an acid-gas removal plant with Italy’s Tecnimont S.p.A.
The state’s refiner, controlled by the Kuwait Petroleum Corporation (KPC), said in a statement that the project will be executed on a Lump-Sum Turnkey contract basis for KD 117 million (approximately USD 406 million) and expected to be completed by 2014 in al-Ahmadi port.
The contract foresees the provision of engineering, procurement, construction and commissioning (EPCC) services for a brand new process train of gas handling and sweetening facilities — a new AGRP unit, as well as for the revamping of the existing gas handling facilities - the existing AGRP unit, within the port, KNPC’s CEO Farouq Al-Zanki said.
The New AGRP facilities are an integral part of KNPC’s environmental plans and commitment and will contribute in a significant manner to reduce emissions by producing clean fuels, Al-Zanki added. Tecnimont CEO Roberto Bertocco signed the contract on behalf of the Italian side.