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Volume
44
Issue
2
11
Kuwait’s Minister of Oil
and Minister of Electricity
and Water HE Bakheet
Al Rashidi inaugurated
recentlyWest Al Rawdatain
Plant- Kuwait Oil Company
(KOC) affiliate - for the
production of light oil and
Jurassic gas.
In a statement to KUNA,
KOC said that West Al
Rawdatain station is the
second of three similar
stations, which started
operating in January 2018
and will contribute to increase the production of
free gas and light oil gradually.
The third and final plant is expected to start
operating in East Al Rawdatin in the coming
months. The production of free gas during the
first quarter of the next fiscal year will reach
500 million cubic feet per day, while light oil
production is expected to rise by 200,000 barrels
per day by the same period, the statement added.
On the side-lines of the opening, HE Al Rashidi
toured some of the projects under construction
in northern Kuwait, the tour included a visit to
the 29th gathering centre in the Al Rawdatain
field and Al Sabriya gas production station, which
opened in January 2018.
KUWAIT OPENS WEST AL RAWDATAIN PLANT
TO PRODUCE LIGHT OIL & JURASSIC GAS
Algeria’s Sonatrach signed a deal
with Vitol to refine oil outside the
country. The move, the first of its kind,
aims to reduce fuel import bill of $2
billion/annum. The first shipment is
due in February 2018.
Sonatrach’s CEO Mr Abdul Mo’emen
Ould Kaddour said in press statements
that the company has chosen Vitol from 5
bidders that had participated in the tender for
crude shipping and refining outside the country.
He added “we don’t want to keep importing $2
billion worth of fuel every year.”
He said that Algeria’s gas imports have
not changed since 2017. Algeria exported
55 bcm of gas in 2017. Ould Kaddour
said Algeria will focus on increasing its
production capacity in the coming years.
Sonatrach’s Deputy Chairperson Mr
Ahmed Fattouhi said that this deal will
enable Algeria to stop buying refined fuel
within 3 years when the agreement will be due to
expire and Hassi Mesaoud Refinery project would
be completed. The new refinery has a capacity of
processing 5 million tons of oil (equal to about
100 thousand b/d).
SONATRACH SIGNS DEAL WITH VITOL
TO REFINE OIL ABROAD