Kuwaits Supreme Petroleum Council approved the upgrading of two of three existing refineries to raise output and produce cleaner products. The projects are estimated to cost US$29 billion.
According to Kuwait's oil minister, the council also agreed to the building of a new 615,000 bpd refinery which will be run by the state.
"We hope that the regulatory procedures and approvals are clear within the next months," Kuwaiti oil minister Mohammad Al-Busairi was quoted as saying by Reuters.
The refinery project was scrapped by the government more than two years ago after MPs had opposed the project complaining of a lack of transparency in the tendering process.
