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KUWAIT: JOINT VENTURE CONTRACT AWARD FOR PROPOSED $300,000,000 REFINERY RECONSTRUCTION AND...

Project Overview:

As a result of an explosion that occurred in mid-2000, KUWAIT NATIONAL PETROLEUM's Mina al-Ahmadi refinery is now only operating at 50% of total production capacity which is set at 440,000 barrels per day (b/d). Hence, the local KUWAIT INSURANCE CO. is now said to be in negotiation with an American/South Korean joint venture regrading a contract to refurbish the plant. The partners in the would-be assignment include U.S.-based FLUOR DANIEL and SK ENGINEERING CO. of South Korea.

Plans under consideration would reportedly involve: - Buildi

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