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Phase one of oil refinery in Kuwaiti city to cost US$5 million

Exploration & Production

Kuwait has announced that the phase one of the joint heavy oil refinery project with Saudi Arabia in Wafra will cost US$5bn

Ali Al-Shemmeri, CEO of Kuwait Gulf Oil Company (KGOC), said that when completed the project is expected to produce around 80,000 bpd.

The phase includes 288 producing wells — 133 injection wells, 67 observation wells and five storm water injection wells — and would require 100MW of electricity used in operating steam turbines, KUNA news agency reported.

Al-Shemmeri added that the project deal was signed in 1956.