KNPC executes its 2nd largest venture at US$1.4 billion

The fifth gas liquefaction unit is the second largest venture launched by Kuwait National Petroleum Company (KNPC), the company said in a press release issued on Tuesday.

The venture envisages building a new unit at Al-Ahmadi refinery for treating natural gas; extracted from the KNPC fields, at a cost of KD428 million (US$1.4 billion). Up to 88 percent of the project, including architectural and constructions works, has already
been executed, with 20 million trouble free work hours.

The press release added that the acid gas project recorded 4.6 million work hours, reflecting the company keenness on applying terms and regulations for public health and environmental safety.